#mantra #economy #DonaldTrump #UAE $OM
The global economy is facing significant challenges today. President Trump’s recent tariffs, including a 54% tax on Chinese imports and a 20% tariff on European Union goods, have raised fears of a recession. The S&P 500 dropped nearly 5%, marking its worst single-day drop since 2020. Experts estimate a 60% chance of a U.S. and global recession due to these tariffs. Investors are shifting toward defensive sectors, and central banks may cut interest rates to counter the downturn. These developments have led to widespread concerns over economic slowdown and geopolitical trade risks.
President Donald Trump is said to be visiting UAE pretty soon, perhaps it might have an effect on the real estate market. Keep your eyes on Mantra !
