I’ve been considering the effects of recessions and how they influence various sectors of the economy. During recessions, some businesses seem to prosper or at least remain stable, while others seem to struggle. I’d be interested in knowing what you think and have experienced with this.
Repair-type companies. automobiles, devices, and appliances. Companies that offer previously owned goods. People always need places to live, whether they are renting or buying, so real estate can be profitable if you have the money.
From my own experience and observations, I’ve noticed that during recessions, sectors like healthcare, consumer staples, and discount retailers often remain resilient or even thrive, as people continue to need essential services and goods regardless of economic downturns. Conversely, luxury goods, travel, and discretionary spending sectors usually take a hit, as people cut back on non-essential expenses. In my professional journey, I’ve seen companies in stable industries adapt and even grow by focusing on core needs and value, while others in more vulnerable sectors struggle to adjust their business models to shifting consumer priorities and reduced spending power. This pattern highlights how recession-proof some sectors can be while others face significant challenges.