yeah let's look at recession early effects
1) property market is stuffed & will be for years. Builders/developers/speculators going belly up, left right & centre, which means building workers/traddies not getting paid
2) retail is stuffed, with many gone already & everyone left, trying to give stuff away
3) travel is in trouble. Long haul suffering the most. It's cheaper to go to USA than Queenstown. The arab airlines will suffer big time, as now linked to terror & other carriers discount like crazy to try & fill seats.
With costs at home rising, people will still want to go on holidays, so maybe they will go domestic/short haul (ie cheap) &/or for less time.
Going to be interesting.
At least the VA pilot shortage might be solved overnight, as ME carriers shed pilots & they return home.