Can business stimulus hasten the "swoosh" recovery?

May 14, 2020 | Cathy Bayles & Michelle Deschamps


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Hopes for a V-shaped recovery- a short, sharp collapse followed by a bounce-back to pre-crisis activity - have been replaced by expectations of a 'swoosh".

Hopes for a V-shaped recovery – a short, sharp collapse followed by a bounce-back to pre-crisis activity – have been replaced by expectations of a “swoosh.” That is, a large drop followed by a slow incline. To bend the curve, Canadian policy makers have focused the latest round of relief on business. But how effective can these new measures be when much of the economy remains closed? Craig Wright, RBC’s Chief Economist, joins us with his outlook for the private sector and a broader recovery. To listen to podcast, please click here: https://thoughtleadership.rbc.com/can-business-stimulus-hasten-the-swoosh-recovery/?utm_medium=referral&utm_source=partner&utm_campaign=10+minute+take