Majority of CFA Institute members have predicted that a K-shaped economic recovery is shaping up at different rates, times, or magnitudes, as per a survey. According to the survey of 6,040 global respondents by the CFA Institute, the global association of investment professionals, 44% predicted a K-shape recovery, showing a globally divergent economic recovery. As per the survey, the K-shaped recovery marks a distinct shift away from the hockey-stick shaped recovery predicted last year, where 75% of respondents believed that any recovery would be slow or stagnant in the short period before picking up in the medium term. CFA Institute, Country Head of India Vidhu Shekhar told the media that it is a certainty that Covid-19 is bound to affect all parts of life and will influence Tax regulations, Government policies, and the complete Indian financial landscape. The survey covered the global membership of the CFA institute all over regions and jurisdictions where the organisation has the representation. The survey was conducted from 8 March to 28 March. Around 42% of respondents in India believe that a 'K-shape' economic recovery is forming, where various parts of the economy are recovering at different rates, times, or magnitudes. Around 37% of members believe that the economy is on a steady path towards completely recovering and operating at a pre-pandemic pace, while 11% believe that a 'W-shape' economic recovery is forming, and the economic recovery will see-saw after an initially strong rebound. The survey further added that 52% of Indian respondents believe that equity markets have recovered too fast on the impulse of monetary stimulus; they are now out of pace with the real economy and a correction is to be anticipated within the next one to three years. Image Source Also read: Economy may take longer to reach $5 trillion target: Sanjeev Sanyal Also read: Consumer digital economy of India to reach $800 bn by 2030: RedSeer