Will 2021 SA recruiting be affected with the recession?

This is probably a really dumb question but I am wondering if there is a recession - which seems like a certainty - whether 2021 SA recruiting will become harder or more competitive. Or since it is for 2021 summer will it not be affected at all? I heard those who graduated in 2008 or 2009 had a really hard time so I was just wondering.

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