INTHEBLACK October 2021 - Magazine - Page 52
F E AT U R E
// E C O N O M I C R E C O V E RY
M O ST E C O N O M I STS AG R E E T H AT T H E G U L F
B E T W E E N R I C H A N D P O O R H AS W I D E N E D AS T H E
R ES U LT O F T H E C OV I D-19 PA N D E M I C, R A I S I N G
C O N C E R N S A B O U T A āK-S H A P E Dā R E C OV E RY.
OUTRAGEOUS
FORTUNES
STORY JOHANNA LEGGATT
In the early days of the COVID-19 pandemic, many economists were
hoping for a V-shaped recovery ā a brief spell in the economic
doldrums followed by a snap-back to business as usual. More than
a year on, however, many experts believe we are instead facing a
K-shaped model, signified by a widening of the gap between rich and
poor. INTHEBLACK spoke to four leading economists and thinkers
about how best to prevent a K-shaped economic recovery.
52 ITB October 2021