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There is a lot of debate about what kind of recovery we will have--a V-shaped recovery or a W-shaped recovery.
If we cannot, there will be inflationary pressures and then it may be a W-shaped recovery, not a V-shaped recovery.
Corporate boardrooms may become risk-averse again if they feel a W-shaped recovery is becoming likely amid high unemployment, household deleveraging and continued dependence on transitory stimulus measures.
Local analysts say a W-shaped recovery -during which a return to growth is followed by another fall in output -is a distinct possibility.
So rather than getting a V-shaped recovery you get a U or even W-shaped recovery in which case the likelihood is that .
However, entering a W-shaped recovery could become a real possibility if businesses are overly optimistic in their planning and forecasting.