The economy runs in cycles with both good times and bad. None of us prefers to be in a recession, but it’s something we all have to deal with. Recessions impact every type of business, large and small, but certain industries tend to be hit first when there’s a recession looming. These “key indicator” industries act as the canaries of the overall health of the economy; when their profits slump, we interpret that as a signal that the economy is slowing down.
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