Ans: The K-shaped recovery indicates that some sections of the economy and society enjoy a recovery after a sharp decline while other sections continue to decline. There’s some amount of recovery. L-shaped recovery indicates a prolonged economic lull or a failure to rebound.  It's hard to decide which is worse because the K-shaped recovery means elevated levels of struggle for low-income groups, but at least the whole economy is not impacted. The government can step in and enable recovery for suffering sectors and sections of society.