lockdown relaxation

nike logo shape

No V, No W, No U, The Global Recovery Will Be Like The Nike Logo, A Very Long V Shape

Gilles Möec (AXA IM) | Beyond Q2, we need to start thinking about the shape of the recovery – assuming no relapse in the pandemic forces more lockdowns in Q2 and Q4. There are currently many “recovery shapes” being discussed. For our part we would go for a “swoosh rebound” (the shape of the Nike logo), with positive, but fairly low GDP growth from Q3 onward.