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Creative Industries: A New Post-containment Economic Engine?

May 7, 2020
François Dupuis, Vice-President and Chief Economist
Mathieu D’Anjou, Deputy Chief Economist • Joëlle Noreau, Senior Economist

Creative industries fall into various categories: arts, culture, technology and digital media, to name a few. They are said to be capable of renewing countries’ economic fabric. Their growth rates have been higher than that of the economy as a whole for years. Having become essential, they are part of specific strategies designed by countries and municipalities to create a climate conducive to their expansion. The budding post-containment period could propel these industries and foster the emergence of new businesses, thus helping to speed up recovery. However, they need a favourable environment in which to grow, which is why an enterprising spirit and open-mindedness are a must.