Even so, it is hard to see how the outcome will not be at least a full percentage point above the long-run average and as strong as any year in the past thirty. Graph 1  Click to view larger As always, there were short-term departures from the established trend.
Some anecdotes suggest that the pandemic has motivated an increasing number of firms, especially those in the consumptionrelated industry, to change their "low-margin, high-turnover" business models -- which were quite common in the past -- taking into account structural changes in customer needs.