Which sectors are most vulnerable in a recession, which industries are more resistant and some may even thrive in a recession. This week's infographics shows a simplified cause of a recession and which industries will be affected.
Industries more resistant to a recession:
Household:
Staple goods and household goods will continue to be in demand during a recession. In some instances discount sellers like Walmart may thrive during the recession years.
Education:
People will consider going back to school if they are out of a job for a while
Medicine:
Regardless of costs, people will have to attend to their medical needs. Medicine will continue to be in demand.
Gaming:
The gambling industry to a certain extent are resistant to a recession. Fueled by the excitement of winning and the
Couponing:
Companies like Groupon had their thriving years during the fallout of the 2008 recession. Where other companies are closing, they were expanding.
Repair:
Instead of buying something new, people will be considering repairing broken products to keep costs down.