Companies offering free services or cheap ownership of things should do well I think, but any company that relies on subscriptions or upgrades would be hit hard.
That's the technical definition - though with our robust demand for labor participation right now we will blow though any technical recession back to growth unless global macroeonomic situation deteriorates heavily
>any company that relies on subscriptions or upgrades would be hit hard.
Fingers crossed that this would reduce the obnoxious trend of pay a sub for locally run SW. I recently looked in to apps that would help my workflow out on MacOS and all the ones that might have helped were leachware.
> I thought a recession just had to meet a certain criteria.
(1) the actual criterion is “NBER names it a recession, which usually happens significantly retrospectively, and start and end dates are often adjusted after initial determination.”
(2) the casual rule of thumb criteria, which is more objective at the starting end (“a period starting with two consecutive quarters of negative economic growth and ending...sometime later”) can also only be applied significantly retrospectively with regard to the starting point.
So, yes, under either standard, whether or not we are currently in a recession is generally an assessment made on the basis of trying to predict the future.
Companies offering free services or cheap ownership of things should do well I think, but any company that relies on subscriptions or upgrades would be hit hard.