Howard Davies Says Next Part of V-Shape Recovery May Flatten Out

The video discusses the current economic recession, highlighting difficulties in gauging its depth and persistence. It examines spending patterns, noting recovery in consumer durables but stagnation in social expenditure. The discussion suggests a V-shaped recovery, with potential flattening due to social and psychological factors affecting consumer confidence.

What is the main challenge in assessing the current state of the economy according to the discussion?

• International trade issues

• Government policies

• Conflicting market signals

• Lack of data

Which type of consumer spending has shown a significant recovery?

• Luxury goods

• Consumer durables

• Travel expenses

• Social expenditures

What has not yet seen a significant recovery in spending?

• Consumer durables

• Staples

• Social expenditures

• Healthcare

What shape of recovery is suggested in the discussion?

• U-shaped

• W-shaped

• L-shaped

• V-shaped

What factors might cause the recovery to flatten out?

• Technological advancements

• Social and psychological issues

• Economic policies

• Environmental concerns