Recessions happen within the market. The last one was during the Covid-19 pandemic that hit in March of 2020. In the 2000s, we have faced three different recessions, and each one comes with challenges, so make sure you are prepared for a downturn.
Industries That Do Well in Recessions:
With much loss of jobs, people go to buying much cheaper things. So the industries that will do well are more affordable retail markets that sell consumer staples or even those discount retailers.
2. Target (TGT)
We just talked about the meager prices of Walmart, and now it is time to talk about Target. Target is that more excellent version of Walmart. The staff is kind, the prices are reasonable, and you have a better feeling of shopping here.