Should we expect a "Schumpeterian" process in the aftermath of the COVID crisis?
Some expect a "Schumpeterian" process to emerge after the COVID crisis, with higher productivity gains generated by: An effort to modernise and automate among companies; Development of new technologies (renewable energies); Greater use of remote working and online consumption; The development of sophisticated sectors: healthcare, pharmaceuticals, IT services, telecom. But we should not forget the factors that point to the opposite conclusion: The new technology and pharmaceutical sectors are small; High-end productive industries will contract: automotive, aeronautics and air transport, and therefore their suppliers; Low-productivity sectors will grow: transport and logistics and security, for example; The macroeconomic situation is negative for productivity gains: weak investment, deterioration in companies' financial situation.