K-Shaped Recovery
A "K-Shaped Recovery" refers to an economic trend where different sectors or groups of people recover from a recession at varying rates. In this scenario, some industries, like technology and healthcare, may bounce back quickly and thrive, while others, such as hospitality and retail, continue to struggle. This creates a divergence in economic performance, resembling the letter "K."
This type of recovery can lead to increased inequality, as those benefiting from the recovery may accumulate wealth, while those left behind face ongoing challenges. Policymakers often monitor these trends to address disparities and support the sectors that are lagging behind.