Saleh: Iraq is suffering an economic recession because of its financial crisis

Saleh: Iraq is suffering an economic recession because of its financial crisis

January 2, 2016

Saleh - Iraq is suffering an economic recession because of its financial crisisHe stressed the economic advisor to the prime minister Haider al-Abadi, said on Saturday that Iraq is suffering from an economic recession due to the financial crisis, and a description of the financial budget for the current year 2016 as the “stimulus austerity”

He said the appearance of Mohammed Saleh, an economic advisor to the prime minister Haider al-Abadi said in a statement that “talk of a recession in Iraq is a foregone conclusion,” attributing it to “financial crisis plaguing the country.”

Saleh added that “the manifestations of the economic recession in Iraq is clear, from the high unemployment rate that reached 28 percent,” denying “the existence of inflation in Iraq, although as the rate amounting to two percent, the lowest in its history.”

He predicted economic adviser, that “the growth of GDP between one range to one and a half percent,” returned as “better than in the past in 2014, although it is less than the population growth of 2.8 percent rate, as this difference is not conducive to the economic sector and the widening growth his movement. ”

Saleh stressed, “The government went to sell the bonds two billion dollars, came within the project’s budget next year to meet the 2016 deficit,” returned to “plug in the budget does not reflect the ways they austerity, it is still great.”

He guessed adviser Abadi, that “those bonds are very popular,” pointing out that it was caused by “being the sovereign as well as higher interest rates and possible and take advantage of mortgage debt in the dam.”

altaghier.tv

selliraqidinar.com