The "cloud" has always held a fluid definition. If you ask someone "what's the cloud?" you'll get different answers depending on who they are. So, just being a

The "cloud" has always held a fluid definition. If you ask someone "what's the cloud?" you'll get different answers depending on who they are. So, just being a generic term makes it to give this a clear "yes" or "no" answer. What should be clear is that anything denoted by "cloud" quite literally comes down to leveraging computing power provided by someone else in one arrangement or another. Anyone providing or relying on a "cloud-based" service is directly part of a marketplace and it's innate dynamics which includes recessions and the complex fashion in which those play out. While it's highly unlikely to see Amazon shutter AWS overnight because demand implodes entirely, I wouldn't be surprised to see changes in their pricing or offering to offset macro-economic effects in the long term. The other side of the spectrum would be specific niches disappearing. For instance, small companies that leverage cloud infrastructure and resell hosting as an offering to small businesses. Many of them might find themselves out of business if their customer portfolio consisted of recession sensitive businesses as well.