What industry hurt the most during a recession?
What industry hurt the most during a recession?
Here are the top industries that are most likely to be affected by an economic downturn:
- Accommodation & Food Services. ...
- Retail and Trade. ...
- Arts, Entertainment & Recreation. ...
- Construction. ...
- Manufacturing. ...
- Other Services. ...
- Travel and Airlines. ...
- Automobiles.
What is the best money move in a recession?
Healthy large cap stocks also tend to hold up relatively well during downturns. Investing in broad funds can help reduce recession risk through diversification. Bonds and dividend stocks can provide income to cushion investors against downturns.
Who loses the most in a recession?
Younger workers (aged 16 to 24) are often the first cohort to lose their jobs during recessions and stay unemployed longer. This is because they have less on-the-job experience and often work in jobs with high turnover.
What industries are struggling 2023?
The 10 Global Fastest Declining Industries
- Global Oil & Gas Exploration & Production. ...
- Global Iron Ore Mining. ...
- Global Coal Mining. ...
- Global Fertilizers & Agricultural Chemicals Manufacturing. ...
- Global Newspaper Publishing. ...
- Global Magazine Publishing. ...
- Global Life & Health Insurance Carriers. ...
- Global Investment Banking & Brokerage.