The recession (economic downturn) is of three types;
1. One which takes the shape of "U". This type of recession recovers back in typically 6 months (which is 15% possibility this time)
2. Another one takes the shape of letter "V" & this type of recession recovers back in one & half upto 2 years (in current scenario this possibility is 70% as per experts). Similar has happened in 1997 recession time...
3. Third one takes the shape of letter "L" which has happened in case of Japan. Economy crashes & always maintained at lowest level by market forces. (this possibility is remote & weights 10% currently as per experts)
If the slow-down continues for 2 consecutive quarters then it is termed as recession!
Let's hope for the best!
Regards
Sameer J. Walgude
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