The global Construction and Manufacturing sector economic output growth in 2020 is anticipated to decline by 7%

The construction and manufacturing sectors are the key sectors that contribute to around two-fifths share of the global GDP. Subsequently, governments worldwide chiefly emphasize on augmentation of construction and manufacturing sectors. For instance, several initiatives by governments in developing nations to promote the manufacturing sector comprise Made in China (MIC) 2025 and Make in India. However, the current COVID-19 epidemic is producing an intense impact on every single aspect of life and work all over the globe. People are required to stay indoors, get-togethers and gatherings are prohibited, and healthcare facilities are inundated with equipment shortages. Moreover, owing to halt in several manufacturing and construction activities globally, the global construction and manufacturing industry, which was once a successful industry with huge investments, is affected badly by the pandemic.

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In addition, even the worldwide foreign direct investment (FDI) inflows saw a sharp decline. According to the estimates by the United Nations Conference on Trade and Development (UNCTAD), the novel coronavirus pandemic could cause the overall FDI to drop by 5 to 15% from 2020 to 2021, owing to the downfall in both construction and manufacturing sectors, in addition to shutdown of manufacturing facilities & construction sites, worldwide. Adverse impacts of the pandemic on FDI investments are anticipated to be high in automotive, energy, airlines, building construction, and oil & gas industries. There is ambiguity and unpredictability regarding the spread of the virus. In addition, according to the Organization for Economic Cooperation and Development (OECD), in 2020, the global economic output growth in 2020 is anticipated to decline by 7%, if the virus persists to spread.

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Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

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Contactless payment, also called as a tap-and-go system is a secure mode where the transactions are done using technologies such as NFC (near field communication), RFID (radio frequency identification), infrared, and bluetooth. Contactless payment is hassle-free and convenient for customers as it takes only one-tenth of the time taken by the old-style electronic transaction.Contactless payment is becoming popular owing to its benefits such as secure and fast payments without any need for cash or identifying details. Initially, these type of payments or cards were used for the purpose oftravelling tickets only. But today, this technology has evolved and is helping customers to make payments for almost anything. However, the permissible amount for a contactless payment varies by country and by the bank. Access to PDF Sample Report Here! @ https://www.researchdive.com/download-sample/181 Recent Developments in the Contactless Payment Industry As per a Research Dive blog, the digital e

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive, aerospace 3D printing market forecast shall cross $5,933.4 million by 2026 , growing at a CAGR of 26.8% during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance, National Aerospace Technology Exploitation Programme grants £140,000 funds for UK based company Sigma Components

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