Pillar prosperity | SECURING ECONOMIC STABILITY IN TIMES OF WAR AND DISRUPTIONS
The war in Gaza and its regional ramifications are taking their toll on MENA economies. Prolonged disruptions of trade in the Red Sea, rising indebtedness, and heightened uncertainty among investors have exacerbated an already challenging economic environment for the region and beyond. The reverberations of the crisis are hitting the industrial, shipping, and logistics sectors of countries even far from the region, such as Asian states. With growth expected to slow, new efforts are needed to support pathways of economic resilience, diversification, and macroeconomic reform. How can international efforts be conveyed to strengthen the region’s economic stability? How can improved synergies among international actors, local institutions and business communities contribute to unlock growth? How can sustainable trade, lower trade barriers, and nearshoring practices play a role in this regard?
