Recently, firms have been actively making investment with a view to the post-COVID-19 era, digitalization, and decarbonization, and these initiatives are expected to enhance their growth potential in the long term. On the other hand, some firms have revised their strategies regarding supply chains.
Moreover, real earnings of the average worker have continued to rise. Over the past century, per capita real income has risen at an average rate of more than 2 percent per year, declining notably only during the Great Depression of the 1930s and immediately following World War II.