Industries That Thrive During Recessions

Key Takeaways

1) Due to underlying economic trends and the immediate public health crisis of COVID-19, the U.S. economy is rapidly falling into recession.

2) Historically during recessions some industries still do reasonably well, or even thrive due to changing patterns of consumption and behavior.

3) Often these are industries where demand is inelastic to changes in prices and incomes - the volume of consumer demand is relatively stable.

4) Due to the specific circumstances of the current emergency, some industries that usually do well in past recessions may be especially hard hit right now, but other industries are benefiting.

Read More: https://www.investopedia.com/articles/stocks/08/industries-thrive-on-recession.asp

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  • DaisyMoore
    ·2022-02-13
    With the continuous development of the times, new industries will always flourish. I think electric vehicles and cloud services will be the next development direction!
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  • ElsieDewey
    ·2022-02-13
    Thank you for sharing. The top ten are very well-known enterprises. I'd like to know which areas are suitable for investment in the future.
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  • MurrayBulwer
    ·2022-02-13
    COVID-19 has made people realize the importance of health. I think biomedicine and environmental protection industry may also be a new development direction.
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  • PorterLamb
    ·2022-02-13
    Which industries do you think will develop rapidly?
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