In a dramatic turn of events, Israel and Iran officially declared a ceasefire on June 24, ending 12 days of escalating conflict. This step has brought a wave of relief and a hint of hope for a more peaceful region. ✌️
While the ceasefire eases tensions, the global economy is stepping into uncharted waters. At Summer Davos 2025, Santitarn Sathirathai from the Thailand Development Research Institute cautioned that small, energy-importing nations are especially vulnerable. Rising energy prices and potential disruptions to trade routes are prompting businesses worldwide to shift their focus from strict cost efficiency to building resilience and embracing diversification.
This new economic landscape signals that uncertainty is becoming the norm, driving up the cost of doing business. As global enterprises adjust their strategies, the challenges ahead call for innovative solutions and agile thinking. 🚀
Stay tuned as we continue to follow these developments, reminding us that even in moments of peace, the ripple effects of global events can reshape our economic future.
Reference(s):
Israel-Iran ceasefire brings relief, but global economy enters age of uncertainty
cgtn.com
