Global Economy Remained Resilient Despite Regional Wars

An article by Larry Elliott published in the British newspaper The Guardian emphasized that the global economy has remained resilient for now despite regional wars, inflation, and trade tensions, but a long and difficult winter may lie ahead due to approaching risks.

The Guardian writer Larry Elliott stated that despite negative factors such as two regional wars that shook prices and supply chains worldwide, rising inflation, and US-China trade tensions, the crisis effects have remained surprisingly limited. It was noted that attendees of the IMF meeting starting in Bangkok did not have to grapple with a financial crisis similar to the one in the autumn of 2008.

The author attributed the global economy's resilience so far to artificial intelligence investments, the use of strategic oil reserves, and China's export of cheap goods. On the other hand, it was stated that the situation worsened as conflicts in the Middle East spread to Saudi Arabia and oil reserves began to dwindle, emphasizing that a difficult winter is inevitable if there is no rapid decline.