In a capitalist economy, recessions are a good thing.  Just like in nature, the weak put a drag on the strong.  Well capitalized businesses can benefit from a recession.  It is their reward for being well run.

A recession or economic downturn is a painful thing.  People lose their jobs and income.  Assets are often reduced in value.  Businesses that sometimes took decades or generations of development go belly up.  But they are also a healthy process.  Excesses are reduced or eliminated. Resources are freed up for investment in more productive and new endeavors.  Efficiency is rewarded. 

Whether you are looking for places to invest, or you are an entrepreneur seeking to grow your business, a recession can be an opportunity.  Sometimes you have to take one step backward to take two steps forward.