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- The FY23 growth would be about 70% on a year-on-year basis and mark a ‘V-shaped’ recovery for the aviation sector.
V-shaped Recovery
- About:
- It is a type of economic recession and recovery that resembles a “V” shape in charting.Â
- It involves a sharp rise back to a previous peak after a sharp decline in these metrics.
- In a V-shaped recovery, an economy that has suffered a sharp economic decline experiences a fast and strong rebound.Â
- In this, it is assumed that incomes and jobs are not permanently lost and the economic growth recovers sharply.
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- Causes for Such Recovery:
- A significant shift in economic activity is caused by rapid readjustment of consumer demand and business investment spending.Â
- Historical Examples:
- The Depression of 1920 to 1921 (in the U.S.)
- The Recession of 1953 (in the U.S.)
Source: FE
