FxPro Financial Services Ltd | Apr 13, 2021 07:59AM ET
Journalists often describe the current macroeconomic recovery as a K-recovery. That is, some sectors or countries (depending on the context) have a V-shaped recovery, while others continue their slide down.
The coronavirus is often thought to have a critical impact on which direction a country or sector will go down. However, in recent weeks we have seen increasing signs that the pandemic link seems an oversimplification.
It may even be the other way round: the rapid shifting of government and central bankers from crisis mode to the new reality is hurting the markets.
The FxPro Analyst Team
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