Expert: political problems will cause a significant economic contraction; difficult to treat

Baghdad (news) .. Economic expert warned of the probability as beautiful the country was a major economic downturn if continued political problems, by reducing the movement of investment, lack of strategic economic visions of the relevant officials before the economic aspect.

A beautiful (of the Agency news) on Tuesday: The one prerequisite for investment and economic growth in the country is the existence of political stability and a coalition government homogeneous, because the conflict between the political blocs will give a bad message to the foreign investor and suggest to him that the Iraqi environment unstable political and security, and thus will be the legal and regulatory environment is weak eyes of the investor, what will lead to a reluctance to enter into Iraq.

He added that the continuing political problems will lead to official concern about the economic side and leave the Iraqi economy and how to promote it, and thus weaken the movement of investment, causing a major economic contraction is difficult to treat.

He called for an economist to: the need to resolve all disputes between the political blocs in a dialogue for the benefit of the country and its people, because the Iraqi economy is the key to achieving stability in the country.

It is worth mentioning that the political conflicts have affected the Iraqi economy in terms of the depreciation of the Iraqi dinar against the U.S. dollar, fluctuating stock market index, and increased prices in local markets, and the reluctance of investors from entering Iraq