Market Insights | News
The creative industries consist of a vast array of sub-sectors including architecture, fashion and handicrafts to name a few. It is one of the most rapidly growing sectors of the world economy with an annual growth of 9 per cent globally and 12 per cent in the developing world (Callanan, 2020). It comes as no surprise that the COVID-19 pandemic brought many creative manufacturing and handmade businesses to a halt, affecting both consumption and distribution. Additionally, with the industry’s workforce being one of the world’s largest yet poorest, it’s important to know some of the opportunities for financial inclusion within this space (in this case, something called impact investing).