As the corona pandemic hit the world globally. Many businesses are trying to get back on their feet. The lockdown resulted in a lot of economic backdrops. The most hit sector was small businesses that had not yet established themselves in the macro-environment.
To support such businesses, governments all around the world decided to lend money to these businesses. This resulted in the support of the business and trying to revive the economy.
Such was the case in the United States, as Trump announced funds for such small businesses. This would allow them to function for the time being. The support saved many companies from applying for bankruptcies
Trump assigned a total of $484 billion to the local small companies, as a relief package. Out of the total amount, approximately $310 billion stands for the Paycheck protection program.
On Monday, the news came that the stock market is recovering. On Sunday the market had closed slightly lower.
An increase was observed in the market, S&P 500 had risen by 0.9 percent. Nasdaq Composite had risen by 1.1 percent.
The Asian market was also seen to be doing well enough. Japan and Hong Kong’s companies, Nikkei and Hand Send had seen an increase of 2.7 and 1.9 respectively.
As a new normal establishes itself, many companies are seen to be going online. Investors that had pulled their hands from further investments will be observing the market closely for the stats and future predictions.
The investors will be interested in the region where there is a quick rebound after corona and which city can pull itself stronger again.
Mnuchin, the treasury secretary in an interview said, as the economy starts to reopen in May and June, prominent results will be seen after a few months. The months of July, August, and September are being seen as crucial months, where most of the progress is being expected.