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Economic crises are generally caused by overheating and overproduction.
In terms of the world, it is said:
The service sector grew fastest after the crisis in 1929. This time it was caused by the overheating of the real estate of the country. A general crisis is a period when some powerful enterprises are brewing opportunities.
Those companies with cutting-edge technology and strong innovation capabilities can rise quickly. For example, after the 97 financial crisis, QQ was born and quickly surpassed MSN after the IT bubble in 2001. Google has entered the netizen and brought the world to a new level of networking.
After the crisis, I think it's three or five years from now. It should be related to those Internet technology-related companies, such as online games, mobile phone transport, Benben, Internet companies and other companies focusing on the application of technology services will be very popular.
Other traditional industries such as catering, clothing, and construction will not grow too fast.
I don't know if you pay attention to China's policy to stimulate domestic demand, which focuses on infrastructure. The results should be visible in three to five years, so it can be said that China's infrastructure, especially applied technology, will be vigorously developed.
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Insurance is the fastest-growing financial industry. Regardless of what industry the state supports. Financial support comes first.
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E-commerce, China's e-commerce has made great strides in the 97 crisis.
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It depends on what industries the state is ready to support, such as: new energy, there are wind power, energy-saving lighting, electric vehicles, new super batteries and so on.
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It should be agriculture first, then the housing market, in short, encouraging loans should be the first place.
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Hello friend. Recessions have a deep impact on all industries, but the following sectors are often the first to be affected:
1.Financial industry: The financial industry is the foundation of the market economy, economic recession often begins in the financial industry, and the performance of banks, insurance companies and ** companies is often severely affected during the economic slowdown.
2.Real estate: The real estate industry is a barometer of the economy because the real estate industry is closely related to the financial industry. During periods of economic downturn, confidence tends to decline, and the housing market turns into a buyer's market, leading to lower house prices and lower sales.
3.Automotive manufacturing: Automotive manufacturing is also an industry that has been affected by the economic slowdown. The decline in demand for automobiles will also lead to a decline in sales by automakers, followed by the vertical downstream of auto parts manufacturers, which will have more impact.
4.Retail: During a recession, consumer confidence and spending decline, often struggling for retailers, some of whom may even go bankrupt.
5.Tourism and F&B: The economic slowdown will lead to a decline in people's travel and F&B spending, which will reduce the income of merchants.
6.Airlines and transport companies: During recessions, airlines and transport companies' revenues tend to decline because people typically travel less and the company's profits suffer.
In summary, the first sectors affected by a recession are finance, real estate, auto manufacturing, retail, tourism and restaurants, and airlines and transportation companies, which are also the most affected.
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The industries affected by the recession vary from country to country and region to region. For example, a recession in a region may be more likely to affect its major industries. However, here are some of the sectors that recessions tend to be the first to be affected by the suffocation of oranges:
1.Real estate: During a recession, the real estate market usually takes a hit because people can't afford home prices. When the real estate market is corrected, the number of house sales declines, the scale of investment decreases, housing prices**, and various real estate and construction development projects are abandoned.
2.Finance: During a recession, banks and financial institutions may be exposed to risks, due to poor economic conditions, people's demand for borrowing declines, and users continue to grow, so that the profit of banks is greatly affected.
3.Retail: During the recession, the purchasing power of most people will decline and consumer spending will decrease, which will have a major impact on the retail industry.
The average consumer has been one of the key drivers of U.S. economic growth for decades. Their declining purchasing power means that the retail industry will have to reduce inventory and lower** in order to attract consumers.
4.Manufacturing: During a recession, manufacturing and industrial production were hit hard as people reduced their demand to consume groceries and other goods. This has led to factory shutdowns and layoffs, which have had an impact on the livelihoods of manufacturing employees.
5.Service industry: During a recession, people often cut back on unnecessary spending, such as services such as travel and dining. This will have an impact on the service industry, leading to a decline in business and layoffs of employees.
Overall, a recession will have an impact on all aspects of the economy, hitting a variety of industries, but the associated scenario is a bailout during a downturn, as the short-term banking system is saturated, leading to measures to make liquidity mandatory.
Causes of the economic crisis:
The root cause: the contradiction between the socialization of production and the private appropriation of the means of production. >>>More
The economic crisis is the same as the layoffs in 97 98, and only doing network marketing is the best way out.
The United States is not an economic crisis in the short term, to be precise, it should be a financial crisis, some greedy financial institutions, but the people behind it have to pay, and through the U.S. bond market, the United States will issue additional bonds to increase debt, resulting in fluctuations in exchange rates and interest rates, and eventually its impact will have spread to the world to varying degrees and forms, and China has always been a large investor in U.S. bonds (looking for security and income for huge foreign exchange deposits, and to alleviate the pressure of RMB appreciation), the decline in the price of U.S. bonds, which has increased dramatically, will inevitably hit China's foreign currency investment on the books again, and the reduction in the liquidity of the people's money supply will also make it difficult for enterprises to operate, and slowly affect China's orders and exports; The decline in the growth rate of hot money flowing into China's capital market will also be indirectly affected through the ** housing market and commodity market, but what many experts are worried about is that economic growth is declining, while inflation is still (stagnant inflation).
It's not that people have become poorer, it's that the previous "rich" itself is an illusion, which is often called a "bubble". >>>More
Change careers to do business training, and take two more new business certificates.