Traditional Culture Encyclopedia - Tourist attractions - Which industries have been deeply affected by the financial crisis?

Which industries have been deeply affected by the financial crisis?

1. financial services industry: during the economic recession, the stock market and real estate market are often hit hard, which will directly affect the financial services industry, such as banks, securities companies and insurance companies. The performance of these companies usually declines, because people will invest less and buy insurance.

2. Retail industry: During the economic recession, people usually buy less non-essential goods, which will have a direct impact on the retail industry. Especially high-end brands and luxury brands are more vulnerable, because people may choose to buy more affordable goods.

3. Tourism: Economic recession will have a direct negative impact on tourism, because people usually reduce their travel and holiday expenses. This will affect tourist attractions, tourist hotels and tourism service companies and other industries.

automobile industry: during the economic recession, people often put off buying new cars, which will affect industries such as automobile manufacturers, automobile dealers and auto parts manufacturers.

4. Construction industry: During the economic recession, the real estate market usually declines, which will have a direct negative impact on the construction industry. The performance of industries such as builders and building materials suppliers is usually affected.

In short, the economic recession will directly or indirectly affect many industries, but the above industries are more likely to be affected first.