economic recession refers to the phenomenon that the economic development of a country or a region is sluggish or stagnant, and the economic growth rate is lower than the normal level or shows negative growth. In this case, those industries whose economic activities are closely related to consumption are most affected, especially those industries that are regarded as "non-necessities". The following industries were most affected during the recession.

1. Retail industry

During the economic recession, people's income and purchasing power decreased, so retail industry is one of the most affected industries. Consumers reduce their purchases, and businesses are facing increasing economic pressure. Some businesses have to close their stores or even go bankrupt.

2. Catering industry

During the economic recession, people will eat out less often and choose to eat at home more, which has a great impact on the catering industry. At the same time, some high-end catering enterprises will also be affected, because consumers are more willing to choose more affordable restaurants during the economic recession.

3. Tourism

Economic recession will affect people's travel plans and expenditures. In the economic downturn, people reduce the number and time of travel and choose more affordable travel modes, such as domestic travel or budget hotels.

4. Entertainment industry

The economic recession will affect people's spending on entertainment activities. In the economic downturn, people reduce the times and expenses of participating in entertainment activities and choose more affordable entertainment methods.

5. Housing construction industry

In the case of economic recession, people will reduce the number and price of buying houses, and the sales in the real estate market will also decline, which makes the real estate industry face great challenges.

6. Automobile industry

The automobile industry is also one of the industries affected during the economic recession. People reduce the number of times they buy cars, and at the same time reduce their spending on cars, which puts great pressure on the automobile industry.

7. Financial industry

The financial industry is also one of the industries affected during the economic recession. Due to the economic downturn, people reduce the opportunities for loans, investment and financial management, and the profitability of the financial industry will drop significantly. In addition, the economic recession will also lead to a series of risks in the financial industry, such as loan default, debt default and bank bankruptcy.

8. Manufacturing

Manufacturing is also one of the industries affected during the economic recession. Due to the economic downturn, the purchasing power of consumers has decreased, the order volume of manufacturing industry has decreased, and the production capacity of factories is insufficient, so the production and sales of manufacturing industry will be affected.

9. Logistics and transportation

Economic recession will affect logistics and transportation, because in the case of economic recession, people will reduce the demand for goods and services, which will lead to a decrease in the flow of goods and materials. This may lead to a decline in the income of logistics and transportation enterprises, and also increase the transportation cost.

in a word, the economic recession will affect all industries, but the impact on consumption-related industries is the most obvious. Economic recession will have an impact on enterprises and consumers. Enterprises may reduce investment and recruitment, while consumers may reduce purchasing power and expenditure. Therefore, the government should take effective measures to deal with the economic recession and help the affected enterprises and consumers tide over the difficulties.