Accelerated Digitisation scenario

Decorative imageAccelerated Digitisation scenario

Accelerated Digitisation: scenario assumes the virus is largely suppressed domestically by 2021, and there are positive spill-overs with the adoption of digital technologies and processes and increased rates of working from home for professionals.

Shocks

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Productivity

Positive (relative to Economic Restoration)

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Domestic demand

Neutral (as per Economic Restoration)

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International demand

Neutral (as per Economic Restoration)

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Government spending

Neutral (as per Economic Restoration)

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Population

Neutral (as per Economic Restoration)

 

Other shocks

Business travel (relative to Economic Restoration)

Non-residential building (relative to Economic Restoration)

Hours worked (relative to Economic Restoration)

Computer services (relative to Economic Restoration)

Results

A greater use of technology leads to an increase in productivity. There is also less business travel, use of office space and bricks and mortar retail.