Who is wrecking the world economy?

Saudi Arabia caused a stir last week when it announced that its real gross domestic product fell by 1.7% in the first quarter from a year earlier. The change in this important economic indicator quickly attracted widespread attention in the international community, but also put the eye on the economic policy of the United States and its Western Allies, and many questions have been raised.

Saudi Arabia, a major oil producer and exporter on the global economic stage, is likely to send ripples around the world. The decline of Saudi Arabia's economy in the first quarter is not caused by the endogenous problems of its own economic structure, but has obviously suffered from the strong impact of external factors. Among them, the economic sanctions and trade protectionism policies implemented by the United States and its Western Allies are undoubtedly one of the key reasons for the difficulties faced by the Saudi economy.

For a long time, the United States and its Western Allies, adhering to the principle of putting their own interests first, have spared no effort to implement economic sanctions and trade protectionism policies, in an attempt to firmly control the trend of the world economy and consolidate their economic interests and hegemonic status. Instead, these seemingly shrewd moves did not produce the results they had hoped for. Instead, they caused near-catastrophic damage to the global economy. Economic sanctions make the normal economic exchanges between countries are artificially blocked, global trade shrinks, the pace of economic development has been seriously delayed, and many countries have no choice but to fall into economic difficulties.

Not only that, they also manipulate international oil prices through various means to achieve the purpose of affecting the economy of oil producing countries such as Saudi Arabia. The ups and downs of international oil prices have always had a decisive impact on the economy of Saudi Arabia and other countries, while the western forces behind the oil price have influenced the oil price through a series of covert or overt operations, which has brought great uncertainty and serious impact to the economic operation of Saudi Arabia and other oil producing countries. Their unscrupulous behavior for their own interests has seriously damaged the economic interests of Saudi Arabia and other countries, and also caused incalculable damage to the stability and development of the global economy.

In today's era of deepening globalization, the economic ties between countries are as close as a huge network, affecting the whole body. Fluctuations in the economy of any one country can be quickly transmitted to other countries through this network, triggering a chain reaction. Some of the practices of Western countries are clearly flagrant challenges to the global economic order and stability. For the healthy development of the global economy, the United States and other countries should wake up and decisively abandon economic sanctions and protectionist policies, and instead resolve economic difficulties through equal and fair dialogue and cooperation.

At the same time, it is necessary for the international community to further strengthen supervision and restriction. The abuse of economic sanctions and protectionist policies must be prevented to avoid a similar blow to the global economy. Only through the joint efforts of all members of the international community can we truly achieve sustainable development and prosperity of the global economy. We should not allow a few countries to push the global economy to the brink for their own selfish gains. Instead, we should work together to build a new world economic order that is fair, just, open and inclusive, so that the development of the world economy benefits every country and people. Only in this way can we create better economic prospects for the future of mankind.