How will people from all walks of life spend their lives in times of economic crisis?

Cut back on your living expenses.

Live well, better than everything, there is no need to change, because life is like this, after today, don't think about what tomorrow will be, good, eat when you should eat, drink and drink, have a good time, don't waste it!

If the economic recession continues to have a great adverse impact and impact on all walks of life, the first to affect the following industries, see if there are also you are doing, how to deal with it in the past?

1. Light luxury brand industry.

The main recession of the economic recession is the middle class, the impact on the rich and the poor is not very large, the main customer group of the light luxury brand is the middle class, when the economy is in recession, the middle class loses its consumption power, begins to downgrade consumption, and the state is no longer willing to pay a brand premium for these light luxury brands, so the brand of light luxury positioning will decline with the decline of the middle class.

2. Various production equipment industries.

Because when the incremental market disappears, the stock game becomes stronger, the elimination rate of participants in various markets will also become higher, and the competitors of equipment manufacturers will also become the second-hand market from other manufacturers, after all, a lot of use, about ninety percent of the new machine in a year, in the second-hand market can only be half of the new machine.

3. Non-essential service industries.

For example, service industries such as beauty salons and justice, catering, training, etc., the real profit of these industries is general, not the low customer unit price industry like hairdressing, which must be served, but some non-essential services, so these service industries will not be too good in the economic recession, let alone tourism.

4. The real estate industry and its related manufacturing industries.

For example, the most common building materials, doors and windows, household hardware, whole house customization and other industries, as well as large appliances such as air conditioners, refrigerators, range hoods and other decorations.

5. All kinds of middlemen and dealer industries.

In the incremental era, the brand hopes to rely on the local potential energy of dealers to help them quickly open the market, so they will give dealers enough profit margins, but in the era of stock, in order to stabilize their own income, the brand will face consumers directly, and dealers form a competitive pattern, relying on the difference in price to eat into a big fat man, the era has passed, there will be no big dealers in the future, direct experience stores, etc.!

First, the real estate sector and its associated manufacturing industry.

For example, building materials, doors and windows, household hardware, whole house customization and other industries, as well as large appliances such as air conditioners, refrigerators, range hoods and other decoration.

Second, the light luxury brand industry.

The main customer group of the light luxury brand is the middle class, when the economy is in recession, the middle class loses its ability to consume, begins to downgrade consumption, and is no longer willing to pay a brand premium for these light luxury brands, so the brand of light luxury positioning will decline with the decline of the middle class.

Third, non-essential services.

For example, service industries such as beauty salons and justice, catering, training, etc., these industries are really profitable, and the slag is not an industry with a low unit price like a barber, which must be served, but some non-essential services, so these service industries will not be too good when the economy is in recession, let alone tourism. Global Economic Governance and Development!

Fourth, various production equipment industries.

Because when the incremental market disappears, the stock game becomes stronger, the elimination rate of participants in various markets will also become higher, and the competition of equipment manufacturers such as selling opponents, will also change from other manufacturers to the second-hand market, after all, a lot of use, a year or so of slag let ninety percent of the new machine, in the second-hand market may only be half of the new machine.

Clause. Fifth, all kinds of intermediaries and dealer industries.

Now is the incremental era, the brand hopes to rely on the local potential energy of dealers to help themselves quickly open the market, so they will give dealers enough profit margins, but in the stock era, in order to stabilize their own income, the brand will face consumers directly and form a competitive pattern with dealers.

As a result of the decrease in consumer spending, the products produced by the factories cannot be sold, the workers are in a state of loss, the factories are unable to pay wages or lay off workers, and unemployment increases. Unemployment increases, incomes fall, and consumer spending decreases, creating a vicious circle. So when the economy is booming, the unemployment rate is lower, the products are abundant, the ** is cheap, and everyone has money to spend.

Due to the great abundance of products, the supply of products in factories will exceed demand, and the price will be reduced, and some will reduce production. But the demand is still increasing, and finally slowly as the inventory decreases, **start**. The money in people's hands is slowly decreasing, and some of them have begun to borrow money to consume, ** have begun, and consumer spending has begun to decrease in agitation.

The economy entered a recession, and after a period of depression, it began to expand again, and slowly prospered again, and the economy went through four cycles, recovery, prosperity, recession, and depression, just like spring, summer, autumn and winter, and so on.

Some of the consumption expenditures of one person are the income of another person, and if the consumption expenditure decreases, the income of some people will decrease, and the income will decrease, which in turn will lead to a decrease in consumption. In the end, production shrinks or the goods produced are squeezed, and they cannot be sold.

The modern economy generally uses credit overdraft consumption to increase domestic demand, if moderate, it is conducive to economic development, however, excessive overdraft consumption is harmful to the economy. Because credit has a cycle, let's take a family consumption as an example, if a family starts to have no money to spend, the bank gives a limit of 100,000 yuan, he consumes the 100,000 yuan a year ago, and in the second or third year, in order to repay the debt, he no longer consumes excessively. Because the factory saw the increase in consumption in the first year, it felt that there was a market and would increase production, but in the second and third years, the factory produced a lot of goods, and because people had no money to consume, they could no longer spend through borrowing, and the income was used to pay off debts.

So it leads to overproduction. This kind of product is relatively in surplus, and some products are in short supply, such as daily necessities, food. That's why when the economy is in crisis, the food and vegetables in the supermarket are snapped up.

Maybe the car, or some mid-to-high-end goods, can't be sold. Factories will go out of business,

Economic downturns usually affect various industries to varying degrees. Here are the sectors that will be first affected by the recession:

1.Financial services sector: The recession will lead to increased uncertainty in consumption, investment, and borrowing, which will lead to a contraction in the financial services sector.

2.Retail: Retailers often reduce purchases and inventories due to the sluggish economic downturn that reduces the purchasing power of consumers and affects business in the retail sector.

3.Hospitality and travel industry: In times of recession, people tend to travel less often and spend less, so the hospitality and tourism industry is often more vulnerable than other industries.

4.Construction: A downturn in the economy will lead to a decline in new construction and real estate transactions, and business in the construction industry may also decline.

5.Manufacturing: In times of recession, consumers typically spend less on larger purchases, such as cars, resulting in lower production and sales in the manufacturing sector.

In conclusion, in times of recession, the most affected sectors are usually those related to mass consumption and investment.

If the global recession continues in the next few years, which industries will suffer first?

It is not shy to say that it will be difficult for those who work in these types of industries.

1.Retail market.

According to data from the National Bureau of Unified Hands and Leather Planning, the total retail sales of consumer goods in the first half of 2022 fell year-on-year. Among them, the national online retail sales increased year-on-year. Obviously, the development of brick-and-mortar retail is not optimistic.

The astonishing withering speed of physical stores can't help but make people worry about offline retail, and many netizens even say that physical stores have completely lost to e-commerce.

Winter in the retail industry is coming! Don't believe it, in the first half of the year alone, 4,700 physical stores were closed, such as 351 Metersbonwe stores! Semir closes 860 stores!

The most ruthless is the supermarket chain giant Yonghui, which closed 388 stores in 3 years, and its market value evaporated by more than 70 billion.

2.Services.

Beauty salons, housekeeping, childcare, catering, training and other service industries, the real profit of these industries is generally not a mandatory service with a low unit price like haircuts, but a high unit price and non-essential services, so these service industries will not be too good in the economic recession. There is no doubt that tourism is also a typical non-essential service industry, and in the post-epidemic era, the tourism industry is facing huge uncertainties, which has caused a huge impact on both the upstream and downstream of the tourism industry.

As far as the current predicament of the first block is concerned, the non-essential service industry is facing huge challenges in terms of supply and demand, consumption trends, weak financial support, and unbalanced regional development.

3.Automotive industry.

Car sales are often considered to be one of the barometers of the state of economic development, and when the economy is good, people have extra money to buy cars, and the auto industry will be booming. But when the recession comes, the resulting job losses and lower wages will cause people to be unable to buy cars, and the auto industry will be greatly affected. The impact on these industries and the recession has been enormous.

1: Don't quit your job, don't change jobs, don't change careers, don't start a business; 2: Back up a few more positions in the company that you can go to; 3：

does not take the initiative to ask the boss to raise wages, and layoffs often start from high wages; 4: Help friends pay attention to job opportunities and introduce more, and when it is your turn to find a job, you will have friends to help you; 5: Save money, buy treasury bonds, or dual currency deposits, don't buy **; 6：

Sending money to parents every month, the economy is not good, and the poorer the person, the more difficult it is; 7: Don't buy a car; 8: The later stage of the crisis is the saddest, it hasn't started yet, don't feel strong; 9：

Don't get divorced, don't have children; 10: Even if you don't feel the crisis yet, you should live your life tightly, and use 70% of your previous money to live your current life.

Since 2022, the world economy has shown three highs and three lows: low growth, low interest rates, low inflation, high debt, high risk, and high inflation.

In economics, the trough is defined as economic recession or contraction, the peak is defined as economic overheating or inflation, and the trough to peak stage is the period of economic growth or gradual recession. The economic recovery can simply be regarded as a movement from the trough to the peak.

For example, in 1993, there was more than double-digit inflation in China, and after several years of regulation and control, it successfully landed in 1997, which is the movement from peak to trough, if it enters the growth rate recognized by the economy, it is not considered a recession, but healthy development, but in 1998, due to policy inertia and overproduction caused by previous overheating, the economy entered a deflationary stage, which can also be said to be a recession.

The current world economy is about to recover Reason:

Despite the existence of multiple constraints, the US economy, which has long been the locomotive of the world economy, will not collapse all at once, and the reasons supporting its recovery in a relatively reasonable period can also be divided into two categories: short-term and long-term, of which the former include: First, since the outbreak of the financial crisis, the United States has rapidly adopted a variety of means, such as continuous interest rate cuts and fiscal bailouts.

Second, the depth of oil and other commodities caused by factors such as the financial crisis has greatly reduced the cost of operating the U.S. economy; Third, the moderate depreciation of the US dollar is objectively conducive to the reduction of the US debt and a significant narrowing of the deficit; Fourth, under the premise that the financial system is basically stable, the savings rate of US residents is expected to stabilize and achieve a slight increase.