Major Changes in the Market in the Post Covid Phase

1. Outbreak of coronavirus has become the core reason of economic downfall in countries. The  current scenario of the world economy is miserable and the situation won’t be changed overnight. It’s  mandatory to have a brief idea about the post-covid scenario of the market to improve the situation.
2. Both private firms and MNCs are affected due to the pandemic. But MNCs are less affected  because of its diversified business projects established around the world. The induced loss will  be divided among these projects. On the contrary, private firms will induce more loss due to its  small business area. Inability of making profit will lead to dissolution of these firms.
3. Startups won’t be able to make much profit and there is a possibility of losing the invested capital. Export & Import businesses are failing to trade both raw materials and finished  goods so this industry will create a huge crisis in the country's domestic income. Banking sector will  be more focused on online banking services. Also, there is a possibility of increment of default  rate in this sector. Increased operational cost and lack of sufficient funds have created a tough  situation for the SMEs. Hence it’ll be tough for them to sustain in the market.

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