In fact, while production in the manufacturing sector has remained at about 80 percent of its peak prior to the Lehman shock, the indices of Teritiary Industry Activity, which show developments in the nonmanufacturing sector, have recovered to a level close to that seen prior to the Lehman shock.
Sabine Mauderer: The role of fintechs in green finance Keynote speech by Dr Sabine Mauderer, Member of the Executive Board of the Deutsche Bundesbank, at the 4th German-Singaporean Financial Forum “Grün-Tech: How can fintechs and banks work hand in hand for sustainable finance”, virtual event, 25 November 2020.