LUV recovery
n. A global economic recovery characterized by a mixture of slow, moderate, and rapid growth rates.
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Famed New York-based economic bear Nouriel Roubini called it a LUV recovery. The euro-zone economies, tipped by the IMF to grow a tepid 1.5 per cent this year, were in an L-shaped path out of the crisis. The US is in a U-shaped recovery, tipped to expand a sub-par 3 per cent this year. America's big corporates are in good shape, having pared back their costs and built up massive cash reserves. Yet the emerging markets — led by 9 per cent-plus China and 8 per cent India — are the V.
—Michael Stutchbury, “Welcome to the new world order,” The Australian, January 29, 2011
At the recent World Economic Forum policy-makers discussed what kind of recovery the global economy will be looking at. Some suggested the acronym LUV would be a good description: A conventional V recovery in Asia, a more sluggish U recovery in the United States and an L recovery in Europe, illustrating the shape of the growth curve going into and coming out of the recession.
—Marius Gustavson, “Will We Have a LUV Recovery?,” Reason Foundation, February 26, 2010
2009 (earliest)
Going forward, Sir Martin says we'll see a "LUV" recovery: a Little recovery in Europe, a U-shaped one in the United States, and a V-shaped one in Asia.
—Nicholas Carlson, “Turnaround? 'We Have Not Seen It,' Says Sorrell,” The Business Insider, October 05, 2009
It’s starting to look like the Summer of Love. Two reasons: The recovery is taking on a L-U-V shape globally, and it’s going to require huge amounts of love and nurturing to keep growth alive.

L stands for Europe…The United States sports a U…V stands for Asia.
—“It’s the Summer of L-U-V,” Reuters, July 03, 2009
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