Byte the bullet: The digital sector is a long-term reality beyond the hype

Tech companies poised to succeed in tough conditions

As the Covid-19 pandemic has reshaped consumer behaviour, growth is set to continue for tech companies which are able to generate robust earnings growth despite the challenging economic environment.

While the global economy has been hit hard by Covid-19, the digital sector is benefiting from the accelerated shift in consumer behaviour resulting from the pandemic. However, this trend is set to continue, with the resulting new spending habits expected to last beyond the coronavirus crisis, and some structural factors still supporting tech companies. To slow the spread of the virus across the globe, governments ordered lockdown measures that included restricting the movement of populations, shutting down businesses or forcing people to work from home. Those restrictions and requi...