A W-Shaped Recovery refers to an economic pattern where the economy experiences a decline, followed by a brief recovery, and then another downturn before finally stabilizing and growing again. This shape resembles the letter "W," indicating that the economy dips twice before achieving a sustained recovery. This type of recovery can occur due to various factors, such as changes in consumer confidence, government policies, or external shocks like a pandemic. The COVID-19 pandemic is an example where many economies initially rebounded after the first wave, only to face setbacks due to subsequent waves or restrictions.