Which industries will be affected during the recession?

In the process of economic recession, some industries are usually more vulnerable than others. Here are some industries that may be affected first:

1. Retail: Economic recession usually leads to a decrease in consumer spending, which will have a negative impact on the retail industry. People usually buy less non-necessities to save money, which will cause losses to the retail industry.

2. Catering industry: Similar to the retail industry, the economic recession will also lead people to reduce the frequency of eating out, which may have a negative impact on the catering industry. In addition, the economic recession may lead to a decrease in people's consumption in restaurants, which will lead to a decrease in the income of the catering industry.

3. Tourism: The economic recession may lead people to reduce the frequency of travel and vacation, because travel and vacation are usually unnecessary. In addition, the economic recession may also lead people to reduce travel and holiday spending, which will have a negative impact on tourism.

4. Real estate industry: The economic recession may lead people to buy less real estate, which will have a negative impact on the real estate industry. In addition, the economic recession may also lead to a decline in real estate prices, leading to a decline in real estate sales.

5. Financial services: The economic recession may lead people to reduce loans and investments, which will have a negative impact on financial services. In addition, the economic recession may also lead to a decline in the income of the financial services industry, which will have a negative impact on the commercial profit rate.

Generally speaking, in the process of economic recession, those industries that are closely related to consumption and those that rely on consumption may be affected first. These industries may need to take measures to adapt to changes in the economic environment in order to maintain business stability.