Recession fears evoke deja vu. The Middle East might be safe.

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.