Which industries will be affected by the economic recession first?

Industries first affected by the economic recession:

1. Tourist Hotel: This industry is highly dependent on consumer confidence and disposable income. When the economy is depressed, people will reduce unnecessary travel and leisure activities, resulting in a sharp drop in the business of tourist hotels.

2. Real estate: This is an industry that is highly dependent on credit and investment. When the economy is in recession, people will face problems such as unemployment, falling income and increasing debts, which will lead to shrinking demand, falling prices and overstocking in the real estate market.

3. Automobile manufacturing: This is an industry that is highly dependent on consumer confidence and disposable income. When the economy is depressed, people will postpone or cancel the plan of buying a new car or changing cars, which will lead to the decline of sales, the compression of profits and the backlog of inventory.

4. Luxury goods: This industry is highly dependent on consumer confidence and disposable income. When the economy is in recession, people will reduce their purchases of non-essential goods, which will lead to shrinking demand in the luxury market, falling prices and overstocking.

5. Advertising media: This is an industry that is highly dependent on corporate marketing budget and consumer attention. When the economy is depressed, the company will cut advertising fees to save costs and turn to more efficient and accurate digital marketing channels; At the same time, consumers will be more resistant and cautious about advertising information.