It's been a time of tumult on Wall Street – at the hands of the White House.
US President Donald Trump made his plans for tariffs known on the campaign trail, but their scale has taken the world by surprise.
The sweeping tariffs sent global markets into chaos. Then, with the announcement of a 90-day pause, things calmed down. But that hasn’t done much for perhaps the greatest fear among investors and the public: the possibility of recession.
We’ve heard about so-called recession indicators – particularly as they pertain to the US. Here in the Middle East, though, the outlook might not be so grim.
On this episode of Business Extra, we explore the basis of the recession fears and what that means for markets and, ultimately, consumers.
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
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