High growth sectors in post-recovery decade – MENAFN.COM

High growth sectors in post-recovery decade – MENAFN.COM

OPTIMISM: In the US, President Joe Biden%E2%80%99s fiscal plans – which include infrastructure investment, changes in taxation, and a higher minimum wage – are designed to restore middle-income jobs and boost incomes for low- and middle-income households. (MENAFN - Gulf Times) Application of digital technologies, biomedical science and technologies that address sustainability challenges have the three greatest growth potential A multispeed economic recovery is underway, reflecting the significant cross-country variations in containing the coronavirus and acquiring and administering vaccines. But notwithstanding these differences in timing, there will soon be a cascading sequence of rapid recoveries around the world. Sectors that had to shut down because they could not function without unsafe human-to-human proximity will now (or soon) reopen. Businesses that survived the pandemic closures (many with support from fiscal programmes) will experience rapid expansion, powered by pent-up demand. Growth rates will surge for a limited period of time before subsiding toward normal levels. We will enter the post-recovery world sometime in 2022 (though it will come sooner for some than others). For investors, policymakers, businesses, and households alike, a major question is whether and to what extent we will return to pre-pandemic growth patterns. Will we witness a shift to