I just hope it doesn't hit that bad again! This time the economy might sink to the lowest. Inflation is not a problem anymore. I mean the governments all around the world printed shit load already lol. Let's hope for the best!
Most of us are really dreaming about the V-shaped recovery because we want a faster economic recovery as soon as possible but in reality, it is really hard to achieve that due to some factors that can make it hard to do. The U-shaped recovery is the only thing that we can do right now, not that immediate enough but it can show us some improvements from time to time. We just need to be patient and wait for the government's action towards this economic crisis, if some other countries can do it like New Zealand and Vietnam, we also probably can do it.
I think the L-shaped is much more realistic recovery in general because U-shape compared to L-shape it is more faster recovery but let's be honest even 1st world countries are having hard time handling the virus and to add why L-shape is the more possible outcome of recovery is because we can't know if all citizens will follow what the government directs us to do, so it is a process of making people follow the rules given by the government to lessen the transmission and achieve the fastest recovery as possible, the countries that already won against the virus have organized and well disciplined citizens that is why they already won and achieve the U shape or even the V shape recovery so to sum it up we need a organized government and organized citizen to achieve it, it is all about doing their parts, it is the key to defeating the virus.