Report
Patrick Artus

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.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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