What consequences if demand for durable goods is weak in the aftermath of the coronavirus crisis?

The rise in risk aversion and the fact that uncertainty will remain high after the coronavirus crisis will probably lead to household and corporate deleveraging and, accordingly, to weak demand for durable goods in a broad sense (corporate investment, housing investment, household purchases of durable goods, such as cars). This foreseeable weakness of demand for durable goods will have many consequences: Weak global trade ; Deindustrialisation, particularly as regards capital goods and intermediate goods; Destruction of skilled jobs; Low productivity gains.