Worldwide Economic Recoveries from Financial Crises Through the Decades

International audienceThe profiles of economic recoveries after a financial crisis are identified through a self-organizing map, covering 104 countries during 1973–2017. First and surprisingly, only 55% of the 276 events belong to the usual V-U-L classification. New S-shaped bounce-back recoveries, D(oomed) ones, and double-dip M occur in 23%, 18%, and 4% of the cases, respectively. Second, the frequencies of profiles vary with the crisis type, countries’ development and location, and over time. Third, unlike government spending, supporting domestic credit, liquidity, foreign trade or else the exchange rate after the crisis may help activity bounce back