Economic rebound could veer to a "V" or conform to a "K"

Earlier this year, many economists pounced on the notion that the U.S. economy would likely experience a “V”-shaped bounce when warmer summer temperatures and heightened safety measures combined to bring COVID-19 under control.

Subsequent spikes in the coronavirus globally and the failure by many to adhere to recommended public safety measures have led economists now, however, to affix another letter in the alphabet to a pending economic recovery: “K.”