In this decline, the Old Economy sectors, particularly financials and consumer cyclicals, should be hit hard, and the rate of decline in TMT should decelerate.

• 在衰退过程中，老牌的经济板块，特别是金融股和周期性消费股，受到严重打击，而一些数字新媒体（TMT）产业，衰退比例则会减缓。