Industries That Thrive During Recessions

Due to the COVID-19 pandemic, the US economy faces another recession. Like in 2008, the Great Recession has taught industries several lessons. Based on the data from the last recession, some industries have thrived while some have experienced the worst impact of the economic recession.
Since every industry differs from one another, some will be stable even during a recession because it depends on the varying consumer behavior in that particular period. Are you wondering what kind of industries will survive an economic downturn? Here’s a list of thriving industries:
1. Discount Retailers
During the 2008 …

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