In general, recessions reduce potential growth; could the COVID crisis increase it in the medium term?
It has been seen in the past that recessions subsequently reduce potential growth, due in particular to a loss of productive capital, a loss of human capital and deindustrialisation. Could we, on the contrary, expect the COVID crisis to lead to an increase in productivity gains and potential growth? This could happen only if: The crisis drives companies to increase robotisation, automation, etc., to react to the loss of productivity; Changes in behaviour lead to further technical progress, e.g. remote working and online purchases; The acceleration in climate policies also leads to technological progress.