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Recovery of manufacturing and services industries during pandemic period

The state of recovery of the manufacturing and services sectors in view of the Covid-19 pandemic may be judged by assessing the nature of changes in business activities against pre-pandemic level. During recovery from a recession, manufacturing and service sectors tend to undergo a process of adaptation and adjustment to new conditions -- labour, capital goods, and other productive resources that were tied up in the businesses are re-employed in new activities.
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