21 Hrs
Source:
النهار
Global economy faces ongoing crises
The article explains that the global economy has entered a new phase called the "Crisis Economy," characterized by continuous successive crises that have reshaped the economic system. This phase began with the global financial crisis of 2008 and was aggravated by the COVID-19 pandemic and the Russia-Ukraine war. In 2022, inflation rose to around 8.7%, and the global public debt exceeded $324 trillion. geostrategic tensions, especially the war on Iran and conflicts between the United States and China, have led to a re-evaluation of trade policies and energy strategies, with increasing focus on protecting national security and economic sovereignty. The new phase of the global economy demands resilience and sustainability in policies to address ongoing challenges.
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