AMMAN – The
Jordan Strategy Forum (JSF)
published a paper intending to shed light on the expected risks to
Jordan as a result of Israel's aggression on Gaza and compare them to the risks
identified by the
World Economic Forum (WEF) in its Global Risks Report 2024,
particularly since the results of this report did not cover the fourth quarter
of 2024, Al-Mamlaka TV reported.
اضافة اعلان
The document stated that the WEF study
identifies the most significant threats that countries worldwide may face in
the short and long term. The findings were based on a poll of experts and
opinion leaders from government, academia, business, civil society, and
international organizations. Noting that this survey was performed between
September 4 and October 9, 2023, at the start of the assault on Gaza.
According to the study, the possibility of
"
misinformation and
misleading information" is one of the most
serious short-term threats to the global economy. While the risk of
"severe
weather changes" was most crucial in the long run.
According to the WEF report, unemployment is
the risk that will have the greatest impact on the Jordanian economy in the
next two years, followed by public debt, inflation, economic recession, and
contagious illnesses.
Given that the
Global Risks Report 2024 survey
was conducted prior to the war in Gaza, the JSF conducted a quick opinion poll
of its members and partners, including business leaders and national
institutions, to determine whether there was a difference in the risks expected
to affect the Jordanian economy over the next two years.
The results of the JSF poll concurred with the
conclusions of the Global Risks Report 2024 in terms of identifying the top
four dangers that are likely to confront the Jordanian economy in the next two
years, with a small variation in order.
It was recognized that the most significant
concerns include unemployment, increased living costs (
inflation), governmental
debt, and economic collapse. While the risks resulting from armed conflicts
between countries ranked fifth instead of infectious diseases (as stated in the
Global Risks Report), this reflects the extent of the impact of the
war on Gaza on the Jordanian economy, which was not included in the Global Risks Report's
2024 period.
In light of these findings, the JSF stated
that the dangers associated with unemployment, public debt, and economic
recession are not new to the Jordanian economy; the Kingdom has been dealing
with them for more than a decade. However, the current events and their
consequences may exacerbate the impact of these risks on other economic and
social variables, particularly foreign commerce, food security, and
supply chains.
The forum emphasized the importance of
doubling national efforts to take precautionary measures and develop
alternative plans to hedge economically, as well as conducting a periodic
assessment of the economic situation in light of recent changes and measuring
the level of progress and effectiveness of implementing national plans and
strategies to reduce the impact of regional and global disturbances on the
national economy.
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