Will the Global Economy Recover Completely in 2022?
The past two years have been difficult and challenging in
many ways. Several countries faced a major economic set-back, as every industry
was going through a hard time with global-level suspension of various commercial
activities, obstruction of logistics and public transportation, reduction in
people’s buying power and so on. While everyone was hoping for this calamity to
end, the year 2022 is already around the corner.
Considering that the world is slowly healing from the catastrophic
events, the socio-economic activities seem to start over again given that no
adverse resurgence of the pandemic occurs. As we enter into the year 2022, the
global economy is recovering faster than anticipated. Despite the negative impacts
of the pandemic, most of the sectors show some promising outcomes in terms of investments
and growth given the fact that there has been an accumulation of unused capital
during the past two years.
With extraordinary efforts taken by both governmental and
non-governmental organizations as well as continuous roll-out of vaccination
drives, the impacts of pandemic has been reduced considerably. Nonetheless,
the past two years had been a turning point for a rapid technological
transformation, notably in the Biometric and Security Industries entirely changing
the way User Identifications and Security Authentications being performed impacting
the industries towards new solutions and applications including Touchless
Access Control Methods, Mask Detection Technology, Temperature Screening, Digital
Boarding Procedures, etc. In addition, the
world has witnessed a shift towards remote working leading to extensive usage
of Cloud-based platforms to access data remotely. Apart from these, banking sector
has seen a massive growth in Digital Payment Transactions.
Given the current situation, people are still advised to
follow the preventive measures in public areas as well as in working eco-system.
We can only hope that the upcoming year will be a year of recovery, growth and
sustainability.