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Even so, the decline from February to March was only 20% percent, reflecting a substantial growth in March.Ĭonsumer confidence continues to be low, unfortunately. For example, in the first month of this year, China’s sales declined by approximately 80% percent. This could be attributed to its resilience and resiliency. In February, China’s sales dropped by approximately 80% percent over 2019. In comparison with the last recession, the pandemic will have much more devastating effects on good businesses. How COVID-19 is Impacting the Business Organization To stay flexible to changes, you must remain adaptable to them as they emerge.ĭespite Corona Virus, there are several ways to thrive despite barely surviving.Ĥ paths to grow your business during COVID-19 Read more about Online Business However, this is an unprecedented period, making it hard to accurately predict the outcome of the elections. In 2008, profits declined slightly, but they rebounded completely by 2010.

Using that as a measure of comparison, we can compare current economic conditions with previous economic downturns, like the 2008 financial crisis. There’s a lot of uncertainty around, especially when determining whether or not your establishment will survive. Will you be able to resist a third lockdown? How keep doors open when it happens again? When Corona Virus is in full swing, it’s nerve-wracking to run a good company (or any kind of business).

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