A global economic crisis is approaching

Day after day, we are facing a global economic crisis that could be more serious than the 11-year-old financial crisis that overthrew major banks and financial institutions, and central banks cost hundreds of billions of dollars.

The economic crisis of 2008 was primarily at the root of the real estate crisis, but the global economic recession that is worsening day by day can be triggered by many factors, including the US economy, the China and Germany slowing down. The fierce trade war between the two largest economies in the world is a sign of war. Currencies, the Brexit crisis, the fragility of the financial situation of many countries such as Italy and the worsening of the global debt crisis.

Of course, the Arab economies are not far from the fragments of the crisis, in the face of the impact of the majority of markets, especially oil, with growing fears of recession, which destabilize the productive movement in the main industrialized countries and contribute to lower demand for oil, and hinder all attempts to strike a balance. The market, despite the formation of a front grouping together most major oil countries called "OPEC +".

Despite all these worries, US President Donald Trump does not hesitate to complete his trade wars. Between almost all Chinese exports to the United States, threats to European and even Japanese builders, the revision of major trade agreements, the economic sanctions of more than one country and the strengthening of protectionism under the slogan "America first", Trump calls himself a leader of the crisis. A leader is changing the global economy to a new gulf.