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After exploring some of the negative impacts on the economy in my last blog, I intend to highlight some of the positive impacts on the economy in this blog.
There are a couple of different areas to look at.
> 1 Emerging Industries = new products or ideas that are in the early stages of development. Here are the top 5, according to Forbes Business Council:
i) Artificial Intelligence
ii) Virtual Reality
iii) Renewable & Alternative Energy
iv) Big Data Analytics
v) Cybersecurity
> 2 Fastest Growing Industries = growing sectors according to their revenue growth.
Here are the top 5, according to IBIS World:
i) Safety Equipment & Supplies Wholesaling by 78%
ii) Online Food Ordering & Delivering Platforms by 45.1%
iii) Bicycle Retailing by 42.5%
iv) Online Alcohol Retailing by 42%
v) E-Commerce & Online Auctions by 40.2%
> 3 New Strategies Introduced by the Government
a) Kickstart
b) Coronavirus Job Retention Scheme
c) Incentive Payments for Hiring a New Apprentice
d) Levelling Up Fund
e) Furlough Scheme
Although these are all just snap shots, and some are temporary, it raises an awareness of some positives that have occurred during the 'Pandemic'. Most of the government schemes have been in the media an awful lot over this last 17 months, but are also easily found on gov.uk for detailed information.