Under the locomotive effect of tourism services industry and processing and export industry, real estate, construction, banking and insurance burgeoned. Thus, the four major pillars of economy gradually came into shape; they were tourism services industry, processing and export industry, real estate and construction industry, as well as banking and insurance industry.
So the relevant question is whether the slowdown in productivity growth that we observed before the outbreak of the crisis will prove permanent or transitory, with all its repercussions for future macroeconomic policies. I would argue that there are two, largely complementary, reasons for cautious optimism. Both are related to the fourth industrial revolution, or the digitisation and automation of our economies.