[Editor’s note: The world has entered into a recession for the first time since the great recession. The causes are very different, but one thing is certain: uncertainty. In this post, Bala GR, Head of Business Intelligence at Radix, evaluates what happened to domains during the last recession and what might happen this time.]
A lot has already been spoken about the strange turn of events that have kept the global economy on the hook this year. Sure, we expected a recession; it was a long time due. What we didn’t expect was a pandemic and a worldwide self-quarantine for months on end. A few years from now, we will be looking back at 2020 with awe and absurdity in equal measure.
Talking of looking back, this year opens up the perfect opportunity to examine the 2008 recession. After all, that’s our only benchmark in these uncertain times. While a decade has since passed, there are trends that could help us make a fair prediction of what lies ahead of us this time around.
Making sense of the past
For the new domains industry, this is the first-ever experience of an economic downturn. As far as we and our new-domains-registry friends are concerned, looking at the legacy domain trends immediately before and after 2008 can be quite suggestive at this point.
So, that’s exactly what we did. We looked at whatever relevant data we could find for years before and after 2008. Was it useful? To a large extent, yes. Click here to continue reading…