The Economy's Alphabet Soup: What's Really at Stake The labels economists assign to today's economy have become increasingly important.
The conversation has grown heated over the shape of the current economic moment, with K shaped recoveries giving way to C shapes and E letters. Behind this jargon lies a pressing concern: wealth inequality.
For decades, economists have used letter shapes to describe downturns and recoveries – V shapes, L shapes, W shapes have all had their turn in the spotlight.