AFR: How to recession-proof your portfolio:

Based on previous recessions, we look at which investments hold up better during periods of economic stress.

How to recession-proof your portfolio

Most recessions are characterised by rising unemployment, but this indicator also lags financial markets. In November 2007, the sharemarket peaked before the global financial crisis and unemployment was 4.7 per cent. The market ultimately bottomed in March 2009 and unemployment reached 8.7 per cent.