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What components of GDP tend to decline significantly during recessions (particularly during the 2008 recession), and...

What components of GDP tend to decline significantly during recessions (particularly during the 2008 recession), and what GDP components rise during expansion? In other words, what aspects of GDP are mostly affected when the economy slows down? and why?

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The components of GDP are: Consumption, Investment, Government Expenditure and Net Exports

In a recession, a period of temporary economic decline during which trade and industrial activity are reduced, Consumption and Investment drastically fall. This is because people do not have much money as the unemployment rates are high. And at the same time, they save more so as to fight the difficult times ahead.

However, during an expansion, Investments and Net Exports increase quite a lot as people have a lot of money to invest and there is stability in the economy. Thus, it is the trust of gaining in the future and security that makes people invest.

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