1. Retail industry: The economic recession may lead people to reduce consumption, so the retail industry is particularly vulnerable. In the economic downturn, consumers usually reduce unnecessary expenses, such as buying luxury goods and traveling, which will have an impact on retailers.
2. Catering industry: During the economic recession, people usually eat out less and cook at home instead. The catering industry is also under great pressure.
3. Real estate industry: Economic recession will lead to an increase in unemployment rate and a decrease in demand in the real estate market. Correspondingly, the real estate industry is also very fragile.
4. Tourism: During the economic recession, tourism usually has to face the decline of the market and the decrease of income because people have reduced their travel expenses.
5. Consumer goods industries such as automobiles: Consumer goods such as automobiles will shrink during the economic downturn, and consumers usually put their money on planned purchases.
The above industries are likely to be greatly affected by the economic recession, but this does not mean that other industries will not have any impact.