Source: In The Black
Most economists agree that the gulf between rich and poor has widened as the result of the COVID-19 pandemic, raising concerns about a “K shaped” recovery.
In the early days of the COVID-19 pandemic, many economists were hoping for a V-shaped recovery – 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.
(While I used to be a Partner in an Accounting Business, most readers know that I’m not actually an accountant. Which is why it’s pretty awesome that this is the second time I’ve been featured in CPA Australia’s showpiece magazine! Here’s my previous appearance, in case you missed it – ‘Can your Body Clock makes you less productive at work?‘.)