@georgefelton
Economic recessions can foster "recession pop"—upbeat, escapist music genres that thrive during downturns, potentially sustaining long-term market resilience through increased consumption of affordable entertainment like streaming. Live music often remains robust, growing at 7.3% during recession years, as consumers prioritize experiences, though secondary ticket markets may absorb demand pressures. However, recessions may shift preferences toward simpler music, correlating with higher market volatility and reduced investment in complex productions, impacting long-term innovation. Post-recession recoveries, like after 2007-2008, have historically pressured overall performance but led to genre evolutions that support gradual market rebound.
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