Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?
In life, someone is rich because someone is poor. During an economic downturn, someone becomes poor and someone else becomes rich, so there are definitely opportunities during economic downturns. For example, during economic downturns, some previously expensive things become cheap because people prioritize food and basic needs over luxury things.
Different types of businesses succeed during economic downturns. For example, during an economic downturn, everyone tries to do and offer many kinds of different jobs or side gigs. It's a good idea to create a website in your city or in your country that will connect people to post their problems and find one that will solve them. During an economic downturn it becomes easy to rent commercial parts, such a situation can be a good idea to buy them at a discount.
Btw you need lucky anyway, you have to be in the right moment at the right time, doesn't matter whether there is an economic downturn or not, luck decides the fate.