The World Bank expects Iraq’s economy to recover at this rate

The World Bank expects Iraq’s economy to recover at this rate

2019/4/2 10:16

The World Bank expects Iraqs economy to recover at this rate{International: Al Furat News} The World Bank expects the economy of Iraq and Yemen to recover significantly during the coming period, expecting the growth of the Iraqi economy by 2.8 percent this year.
A report by the bank attributed its expectation to a new government in Iraq, compared with a rate of 0.6 per cent in 2018, as well as that the agreement on the reconstruction of Iraq will give the economy a strong boost.
The outlook for the economic performance of oil importing countries in the region is closely related to developments in oil-rich neighboring countries, particularly in the GCC countries. The recovery of oil-exporting countries is linked to increased capital flows, foreign direct investment and cash transfers to neighboring importing countries Of oil.
The decline in economic growth in the United States, China and the European Union could adversely affect economic growth in the region, according to World Bank experts. He attributed the reason for the slow growth in these countries, to the uncertainty caused by international trade tensions between the EU and the United States and China, and the decline in fiscal stimulus in the United States.

alforatnews.com