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Amman —

The King's Economic Messages from New York

This idea was clearly present in King Abdullah II's speech to the United Nations General Assembly in New York, when he pointed out that the region's crises do not remain within its borders, and that their effects can appear in energy and food bills for families in distant parts of the world. He also pointed out that the war has shown the speed of the transmission of instability to the movement of trade and investment and the lives of people outside the conflict zone.

Economically, this idea means that the world has become more vulnerable to what can be called geopolitical shocks transmission. When a trade route or an energy source is at risk, not only do the costs of war rise for the warring countries, but so do the costs of production, transportation, and insurance in other countries. As energy and transportation costs rise, production costs rise, and part of them are passed on to the consumer, inflationary pressures appear even in economies far from the conflict zone.

For Jordan, this issue becomes more important due to the nature of the economy and its dependence on foreign trade, energy, tourism, remittances, and foreign investment. Therefore, regional stability is not only a political and security issue, but also one of the determinants of economic performance. However, economic indicators show that the Jordanian economy has a remarkable ability to absorb shocks. Real growth reached 2.93 percent in the first quarter of 2026, while inflation reached 2.2 percent during the first eight months of the year. Foreign reserves amounted to about $28.4 billion at the end of August, while the current account deficit recorded 2.2 percent of GDP in the first quarter.

This is where the importance of what was mentioned in the royal speech about the relationship between security, stability, and the economy appears. A country facing a turbulent regional environment needs to build economic safety margins that allow it to absorb shocks without every external crisis turning into an internal one. These margins are represented by foreign reserves, the stability of the banking system, the sustainability of public finances, the diversification of energy sources, the diversification of export markets, the enhancement of local production, and the improvement of the competitiveness of the economy.

Therefore, the concept of economic resilience must go beyond maintaining the stability of short-term monetary indicators. Real resilience means the ability of the economy to continue growing, investing, and employing despite external shocks. This requires moving from an economy that responds to crises to one that prepares for them. This means building a more diversified production base, increasing exports, deepening industry, improving productivity, expanding the private investment base, and reducing the economy's sensitivity to tourism, energy, and remittance fluctuations.

Perhaps the most important economic message that can be drawn from the King's speech is that stability is no longer just a political condition for the economy, but has become an economic asset in itself. When an investor decides to establish a project, they do not only look at taxes and interest rates, but also at the stability of the region, the security of supply chains, transportation costs, energy stability, and the predictability of policies. Therefore, protecting the Jordanian economy from external shocks does not only mean dealing with the crisis when it occurs, but building an economy that is more capable of bearing it before it occurs.

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