As governments around the world grapple with the economic impact of the ongoing cost-of-living crisis, policymakers are expected to shift their focus towards driving innovation and growth in high-tech industries, rather than relying on a single 'big bang' stimulus package to boost consumption. Analysts predict that this strategic pivot will be a key feature of economic policy in the coming months, as governments seek to create sustainable jobs and stimulate long-term economic growth. By prioritizing high-tech sectors, policymakers aim to capitalize on emerging technologies and industries, such as renewable energy, artificial intelligence, and biotechnology, which are expected to play a significant role in the global economy's future. However, the decision to invest in high-tech over traditional consumer-driven stimulus raises questions about the potential impact on short-term economic recovery.
Policymakers expected to prioritise spurring high-tech rather than ‘big bang’ for consumption, analysts say
