Entrepreneurs tend to start businesses when the economy is buoyant and flourishing, and few will consider 2021 the year to launch a business as the world is just picking itself up after a pandemic that impacted most economies negatively. For entrepreneurs, having fewer competitors means one less thing to worry about. The Ownr 2021 Entrepreneurship Report showed a 70% increase in new business registrations, compared to 2019. What's more, 95% of respondents considering starting a business still planned to start one with nearly 40% “more interested in starting one” now than ever before. Business owners are using the pandemic as a useful resource of selling masks, clothes, and groceries because people are buying it in advance to stay at (being safe and quarantined). AKA huge profit!
If the recovery is going to continue, it will need delta to fade, and there are signs that the tide might be turning, albeit slowly.
Google Mobility data helps underscore the uneven nature of the recovery as well as the slow but steady path higher.
Delta is “really just causing a loss of momentum rather than pronounced economic weakness, and there is good chance that it will be pretty short-lived,” said Jefferies economist Aneta Markowska.