U-Shaped Recovery Law and Legal Definition

U-shaped recovery refers to a type of economic recession and recovery that resembles a "U" shape in charting. A U-shaped recovery represents the shape of the chart of certain economic measures, such as employment, GDP and industrial output. A U-shaped recovery involves a gradual decline in these metrics followed by a gradual rise back to its previous peak. The U-shaped recovery takes longer time than V-shaped recovery to reach levels seen prior to the start of the recession.