People thought the games industry was 'immune' from the Global Financial Crisis in 2008, and it did ok for a while as people retreated to games as a relatively

People thought the games industry was 'immune' from the Global Financial Crisis in 2008, and it did ok for a while as people retreated to games as a relatively high value form of entertainment versus others (eg. movie theatres), but eventually all the layoffs in other industries and decreased discretionary income all around hit the games industry too and games publishers tightened belts, projects were canned and people were laid off. I expect the same to hit the games industry this time around too if the economy isn't able to 'open up' to some degree in time.