To the economy I say :P
When it comes to the economy's impact: Size matters. Big companies/websites are the most affect. Mid-size, hardly touched and small continue to grow. At least that's what the say if you are interested in that kind of thing.
Of course, I'd challenge people to really consider what makes an economy bad. Not too sound terribly mind-over-matter but don't you think that what we hear influences us? If we think the economy is going to be bad because the media says so, it becomes reality, where as if we continue to believe business will be good, it does? Lots of companies grow during a recession. Finding a niche and keeping standards can create an atmosphere of growth despite what might be happening at a national level.
By no means am I saying don't plan and pretend nothing is happening. Use this as a chance to hone your organic SEO, increase customer service and stand out. The news is full or alarmist, get the facts and plan your strategy to win accordingly. Best example: Dallas real estate. We've all heard national news bemoaning America's real estate market. Well Dallas is having one of its best years! It is completely false for DFW.
Does anyone know other ways to make a recession or bad economy help your business? Or good areas to focus on during that time?