what would be a recession proof industry ? ... other than being
a civil servant ? ...
a friend's looking at leaving his banking job to become a
teacher ....
he reckons he better get into NIE now before the recession hits
and he'd have to compete with hordes of other people ... 
The pharmaceutical industry seems pretty recession-proof, for
obvious reasons. Mutual funds whose portfolios feature significant
investments in that industry have not fared too badly in the
current market crisis.
Edited to add: The civil service might be fairly
recession-proof in Singapore, but state governments here, desperate
to balance budgets, have been forced to lay off employees.
