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Different industries are affected by recession in different ways. Generally speaking, recession proof industries are affected much less than the general economy

Different industries are affected by recession in different ways. Generally speaking, recession proof industries are affected much less than the general economy. Some examples of recession-proof industries include grocery stores, alcohol manufacturers, gas stations (funny in today's reality), some entertainment segments (movie making and music business), national defense. Generally speaking, if it's a necessity (food) - it's considered to be much more recession proof than discretionary spending industries. IT or cloud are two general terms but parts of them can definitely grow during recession.

nitwit005 6y ago
I wouldn't count on even supposed essentials like food being all that resistant. It used to be that people couldn't cut their food spending significantly because it was mostly the basics of bread or rice to survive. Those days are gone across much of the world. I could cut my food spending to a fairly small fraction of what I am now if I truly needed to.
- JackPoach 6y ago
  There's a big difference between what you CAN and what you WILL cut. Alcohol and tobacco aren't necessary to survive. But alcohol consumption is some countries have actually gone UP during the lock down. Not sure about cigarettes, didn't see any stats. We'll see what happens to the food industry. Milk consumption is WAY down, because up to 50% of milk products were sold through restaurants. But wheat and rice producers may not be negatively affected or may even gain on the recession. Think about this in the following terms. Yes, you can cut your food BUDGET by 30% and survive. But you won't be able to cut your CALORY intake by 30% without starving.
  - neuronic 6y ago
    Just to put out a reference here because I have seen numbers in German news yesterday. Alcohol sales for wine and beer are up around 20-30%. In grocery stores. But is that really a hint at overall alcohol sales growing? For me, I know I buy way more alcohol now in grocery stores. But what about all the alcohol not spent in bars and restaurants??

nitwit005 6y ago

I wouldn't count on even supposed essentials like food being all that resistant. It used to be that people couldn't cut their food spending significantly because it was mostly the basics of bread or rice to survive. Those days are gone across much of the world. I could cut my food spending to a fairly small fraction of what I am now if I truly needed to.

JackPoach 6y ago
There's a big difference between what you CAN and what you WILL cut. Alcohol and tobacco aren't necessary to survive. But alcohol consumption is some countries have actually gone UP during the lock down. Not sure about cigarettes, didn't see any stats. We'll see what happens to the food industry. Milk consumption is WAY down, because up to 50% of milk products were sold through restaurants. But wheat and rice producers may not be negatively affected or may even gain on the recession. Think about this in the following terms. Yes, you can cut your food BUDGET by 30% and survive. But you won't be able to cut your CALORY intake by 30% without starving.
- neuronic 6y ago
  Just to put out a reference here because I have seen numbers in German news yesterday. Alcohol sales for wine and beer are up around 20-30%. In grocery stores. But is that really a hint at overall alcohol sales growing? For me, I know I buy way more alcohol now in grocery stores. But what about all the alcohol not spent in bars and restaurants??