New York City, NY – 11/30/2020: The COVID-19 pandemic has affected major economies of the world in ways that were never anticipated. It’s been over a year since this virus began to spread and it has affected every aspect of the commercial sector. Most businesses struggled to make ends meet due to lockdowns, employees getting ill, political unrest, etc. However, with the year coming to an end, it’s important for businesses to look forward and prepare for the year ahead. Joe Malvasio, of Global Capital Partners Fund shares his views on 2021.
Joe Malvasio is the president of the renowned private lending firm Global Capital Partners Fund. He has over 3 decades worth of valuable experience in the financing industry and other industries of the United States. He has assisted many commercial clients, helping them invest and financing their multi-million dollar projects.
Speaking with a representative, Joe Malvasio stated, “Twenty Twenty has been an unprecedented year. Most business owners could never have imagined the extent of damage a pandemic was capable of doing. It’s no surprise that the vast majority of individuals don’t have significant expectations for the year ahead. However, in recent weeks the development of multiple vaccines has increased the hope of many. With multiple vaccines in their final stages and waiting approval, the sentiments are likely to change.”
The consumption of the country has plummeted as a result of this pandemic. Many have lost their jobs and many businesses have gone bankrupt too. The development of vaccines is a ray of hope that things will go back to the way they were. Joe Malvasio anticipated the demand to slowly and steadily increase, but it will take time to get those wheels in motion.
Job creation and job stability will increase consumer spending. More people will require housing, increasing its demand. The recreation and tourism industry, which has been so deeply affected will once again take off once job security is established.
As for businesses, government policies and private lending can help businesses get back on their feet. The economic impact of the COVID-19 pandemic will take months and quite possibly years to recover, but it has made organizations more aware of taking such issues into consideration.
About Joe Malvasio
Joe Malvasio is the president of the Global Capital Partners Fund and has over 30 years of experience in the industry. His expertise have helped numerous clients invest successfully in the real estate whether commercial or personal. He also helps with hassle-free acquisition and commercial financing solutions with flexible terms.
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