To analyse economic sectors and countries, begin with the likely structural changes

The likely structural changes after the crisis are: A shift in demand from durable goods (capital goods for companies, cars, etc.) to non-durable goods (fast-moving consumer goods, services, etc.); A larger market share for online retail relative to traditional retail; A higher proportion of home working; Public policies geared towards the long term, strategic industries and some reshoring; A permanent fall in tourism and business travel; Strong public pressure to ramp up climate and environment policies. These changes offer a framework for thinking about various economic sectors and countries. The hardest - hit sectors will be those for example that sell durable goods and commercial real estate; the hardest-hit countries for example will be those with a high exposure to the production of durable goods and tourism. Sectors positively affected will include healthcare, pharmaceuticals, online retail , telecoms, renewable energies, logistics, organic farming, etc.