Figure 2
Measuring the net effect of the pandemic on turnovers. Figure created by authors Refer to the image caption for details.The vertical axis of the line graph is labeled “Turnover,” and the horizontal axis is labeled “Time.” The lien starts at three-fourths of the length of the vertical axis and at the start of the horizontal axis. The line stays constant till three-fourths of the length of the vertical axis and just before the midpoint on the horizontal axis. The line falls steeply and forms a U-shaped curve just below the midpoint on the vertical axis and at the midpoint on the horizontal axis. The curve then increases to three-fourths of the length of the vertical axis and just after the midpoint on the horizontal axis, and continues to end at three-fourths of the length of the vertical axis and three-fourths of the length of the horizontal axis. A horizontal line is drawn just below the midpoint of the vertical axis, passing the lower tip of the curve. The point is labeled “2020.” On the left of the curve, a large downward arrow is shown from three-fourths of the length of the vertical axis, and to the horizontal line drawn from the vertical axis. The point is labeled “2019” and lies just before the midpoint on the horizontal axis. The arrow is labeled “Turnover plunge.” On the right of the curve, a large upward arrow is shown from the horizontal line drawn from the vertical axis to three-fourths of the length of the vertical axis. The point is labeled “2021” and lies just after the midpoint on the horizontal axis. The arrow is labeled “Turnover recovery.” Arrowheads are shown at the tuning points of the curve.

Measuring the net effect of the pandemic on turnovers. Figure created by authors

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