Abu Dhabi (Al Ittihad)
Within the framework of its active global presence, the Trends Center for Research and Consulting participated in the Forum for Economic Decisions in Times of Global Crises, which was held within the “Margalla Dialogue” at the Islamabad Institute for Policy Research (IPRI), in the presence of a group of experts and officials of global think tanks and research.
Dr. Muhammad Abdullah Al-Ali, CEO of “Trends”, confirmed that the world has become living on a series of successive crises, one of which hardly ends until the other begins to appear and spread rapidly, to impose new challenges on the political and economic decision-maker, who must deal with them efficiently. And effective, whether to reduce the risks that may result from it, or to maximize the opportunities that it sometimes provides.
He explained, in his speech at the main session of the forum, that the current economic crises the world is witnessing are different from those witnessed in the past, with which governments were able to deal with and absorb their consequences according to well-known monetary and financial mechanisms and tools, indicating that the crises today are intertwined and complex in a way that makes it difficult for Any economy – no matter how strong – can deal with it alone or bear its consequences.
Dr. Muhammad Al-Ali referred to the “Covid-19” pandemic and its unprecedented economic repercussions and repercussions, the consequences of which the world is still suffering to this day, leading to the current crisis sparked by the war in Ukraine, passing through crises of high inflation rates, food and energy shortages, and disruption of energy chains. Supply chain, debt crises in developing countries, and the increase in natural disasters caused by global warming. As the global economy has become as if it is facing one of the worst stages it has gone through in the modern era, stressing that all this imposes more pressures and complications on the economic decision-maker, and requires it to use innovative tools and policies capable of dismantling these crises, and drawing clear path features to continue the development process. development in the country to which it belongs.
Al-Ali explained that the current crises in the economic environment have multiplied the complexities, although the intertwining of the relationship between economic variables is not a new matter for the economic decision-maker, but rather an inherent feature of the economy.
For his part, Sultan Al-Rubaie, Head of the Economic Studies Department at “Trends”, stressed, in his intervention, the importance of realizing the vital role that research and study centers can play in shaping the future and supporting economic decision-makers with visions, ideas, research and solutions, stressing also the importance of strengthening economic cooperation between States and governments, with the accelerating pace of globalization.