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الحقيقة الدولية
Abu Ghazala Predicts Global Recession
The founder and President of Talal Abu-Ghazaleh Global, Dr. Talal Abu-Ghazaleh, affirmed that the world is going through a historic phase characterized by shifting power dynamics as the struggle between the United States and China for global leadership intensifies. He pointed out the declining ability of international organizations to enforce rules and manage conflicts, warning of broad economic and political repercussions, with expectations that the global economy will enter a significant recession. He considered that regional tensions, especially in Taiwan, are linked to the strategic rivalry between Washington and Beijing, and that American moves in the Middle East aim to strengthen influence amidst this competition, which could lead to costly consequences for the region. He also explained that the current international system suffers from a lack of control and influence, highlighting the need for a new strategic vision that leverages the capabilities of smaller countries in resistance and exploiting their willpower. He suggested that Jordan's protection begins with self-reliance in food, medicine, and technology sectors, alongside enhancing Arab economic cooperation to face external pressures and crises. He believed that developing local production and investing in education bolster national resilience in the face of global challenges.
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