As for golf courses, they may actually see an increase in business. It has been shown that as the economy starts to sag, consumers cancel vacations and travel plans, opting instead for leisure activities closer to home. Local golf courses and driving ranges are often a first choice for these consumers.

One exception to this may be high-end country clubs. Consumers often cut such big-ticket luxury expenses quickly before making smaller, lifestyle-changing modifications to their budget.

If the economy continues to decline, then the general recession will begin to affect these other areas of the golf industry.