Financial Times FT.com

Recovery not as easy as U, V, W

By Gillian Tett

Published: May 28 2009 20:09 | Last updated: May 28 2009 20:09

Are you expecting a “V” shaped recovery this summer? Or do you anticipate a scenario more like a “U” or a “W”? That is the question I have been asked repeatedly this month, as the debate about “green shoots” roars on.

Personally, though, I suspect that none of the letters in the Roman alphabet quite captures what is most likely to go on. To be sure, the last year might seem to correspond to the start of a “V”, “U” or “W”.

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