Well,I had a seminar before an hour on recession.In that,I was being posed a question regarding the same.It was:Is double dip recession(W shaped) more harmful that other recessions or is it just like the L shaped,U shaped and the V shaped recession.So can anyont temme the exact answer to it?

Hi Ananya, There is no specific academic theory or classification system for recession shapes; rather the terminology is used as informal shorthand to characterize recessions and their recoveries. However, Out of all the recessions the worst one is the L-Shape recession which occurs when an economy