Asad Umar, the Minister for Planning, shed light on Pakistan’s V-shaped economic recovery last month. However, the phenomenon of a V-shaped economic recovery is not novel. The revival of the American economy post the recessions of 1920-21 and 1953 are popular examples of a V-shaped recovery. The cumulative impact of these developments has resulted in a successive current account surplus. The current account surplus will only be short-lived if there isn’t an upturn in exports on robust fundamentals.

Source: The Express Tribune September 30, 2020 09:16 UTC