Innovative Technology for Post-Pandemic Economic Recovery

Abstract

The COVID-19 pandemic has had significant negative impacts on most countries’ resilience having unleashed major health, social, and economic shocks. The trauma varies across countries and industries, and many governments have announced fiscal packages to fund substantially increased public health measures, social assistance for vulnerable people, and business activities in response to the consequent fall in incomes, loss of job opportunities, and price fluctuations. Businesses need to adapt their activities to a new post-COVID normal in ways that support a rapid recovery, and market intervention is required to create a rebound effect to regain consumer confidence. In particular, the crisis has created widespread need to adopt digital solutions.