I know that with the economic recession, the following five industries are the first to be affected.

The first one is the non-essential service industry.

services such as beauty salons, housekeeping, child care and catering training. Not to mention tourism.

the second is all kinds of equipment industries that produce all kinds of non-essential goods.

various professional-level electronic products such as sound recording and photography.

the third is all kinds of middlemen and dealers.

in the incremental era, brands rely on the local potential of various dealers to help them quickly open the market.

so, it will give the dealers enough profit margin. But in the stock age. In order to stabilize their own income, brands will face consumers online and form a competitive pattern with dealers. The era of being fat by earning the difference is over.

the fourth is the real estate industry and its related manufacturing industry.

industries such as building materials, doors and windows, household hardware, and whole house customization, as well as household appliances such as air conditioners, refrigerators, and range hoods, will be difficult in the future.

the fifth category is luxury brands.

the main customer group of luxury brands is the middle class. And the economic recession, the main recession is the middle class, and the economic recession has little impact on the rich and the poor. For luxury goods for the rich, the impact is not great, and the rich are richer when they don't come. The poor, on the other hand, have no spending power. And luxury brands will decline with the decline of the middle class.