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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