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T1
High-income countries benefited from massive policy support to firms and
households. In contrast, recovery in LDCs LEAST DEVELOPED COUNTRIES has
been sluggish,
T2
Higher-technology industries are proving far more resilient. That is to say, Higher-
technology manufacturing industries fared better than lower-tech industries during
the pandemic, and therefore recovered faster.
T3
Small-scale enterprises were hit hard by the pandemic, and many collapsed due to
their scale and vulnerability. Government support plays a key role in helping small
enterprises survive and only about one in three small manufacturers are benefiting
from a loan or line of credit
T4
The passenger airline industry is still struggling to recoup catastrophic losses
The number of airline passengers travelling internationally declined. This means,
Seat capacity dropped by half, bringing air traffic totals down mostly due to sporadic
outbreaks of COVID-19 variants and travel restrictions.
T5
As a result of prolonged lockdowns and travel bans, nearly one in three jobs in
manufacturing supply chains worldwide have likely been terminated, seen a
reduction in working hours or pay, or been the target of other cutbacks.
Technological progress helps us address big global challenges such as creating jobs
and becoming more energy efficient. For example, the world is becoming ever more
interconnected and prosperous thanks to the internet. The more connected we are,
the more we can all benefit from the wisdom and contributions of people everywhere
on earth. The more we invest in innovation and infrastructure, the better off we’ll all
be. Bridging the digital divide, promoting sustainable industries, and investing in
scientific research and innovation are all important ways to facilitate sustainable
development.