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5 Recession-Proof Businesses
By siliconindia
Fremont: With recession taking a toll over the world economy, everyone thrives to look for business ideas that are recession-proof. Job becomes the first priority during recession and tend to flock toward recession-proof businesses. Customers slash spending and bank freezes credit. Every sector of the economy takes a hit in their normal functioning. We try to bring in few such business ideas that are recession proof and can survive the jolt of the economy roller coaster.
Luxury Retail
Recession does not affect everybody. In the last recession period, the number of billionaires in the world increased by 20 percent according to Newsweek, and these billionaires do not get affected by recession. These nouveau rich still opt for designer handbags and accessories at big designer houses. However, those designer houses that cater to the aspirational rich and people with modest incomes who like to show the feel of status-symbol brands, fail or suffer during recession.
