Analyst: Iraq’s economy is suffering a recession as a result its dependence on oil revenues only

Analyst: Iraq’s economy is suffering a recession as a result its dependence on oil revenues only
On: Tuesday 06/26/2012 17:57

Baghdad (news) .. Said economic analyst cute Abdel Salem Ugaili, that the Iraqi economy suffers a recession because of its reliance entirely on an income of crude oil.
said Alaekile (of the Agency news) said on Tuesday: that Iraq is suffering a recession because of its reliance on oil revenues and disruption of other economic sectors such as agriculture, industry and trade and tourism and the neglect of the private sector and non-activated due to lack of economic plans targeted. He added that the government should develop plans for economic development and employment of the oil revenues to develop the sectors of economic, referring to: that the approach of the Iraqi economy has become the direction of a free economy and needs to be special activities and mechanisms significantly. explained : that the economy is in major countries is very strong to the extent that it directs policy, as is the case in the United States that give the economy the utmost importance because it is the secret of its strength and superiority, while we find in developing countries, including Iraq, that politics are driving the economy and employed to their interests, making it thin . / End / 21. D. Q /
Source: ikhnews