The term “recession-proof” describes assets, companies or industries believed to safeguard against economic declines. Such defensive assets may suffer less, or even profit from, recessionary environments. The flip side is that they may see flatter performance in times of economic growth.
Recession-proof investments and businesses often crop up in niches that serve essential needs or high-priority desires. Examples include grocers, utilities, healthcare and even vices like alcohol and tobacco.
