The return of GDP growth in Iraq
The return of GDP growth in Iraq
1/19/2015 0:00
Translation – Khalid Qasim
economic consulting firm launched its headquarters in Barcelona, Spain during the past month survey interesting to include experts in the forecast for the Middle East and North Africa. And the section on the economy of Iraq is very useful because of the lack of focus on this topic in the habit. The report includes forecasts unanimously on 25 variables entirely down to 2019 as well as numbers from each participant for the current two-year and next.
predicted eight of the total 10 participants in the Iraq Survey faster GDP growth in the current year, and reached the expectation harmonic growth of 3.5 percent rate in the current year After that it was only 0.1 percent growth in the last year and a return to growth in the level of more than 5 percent in the 2016-2019 timeframe.
This is a reasonable recovery scenario for three reasons. First, Parliament is expected to approve the general budget for the first time in more than a year. While the drop in oil prices to impose new restrictions on spending, but restart projects that stalled during the past year must provide a significant economic incentive. The second reason, it is likely to make progress in the fight (Daash.)
will have a positive effect on the morale of the only companies but also help stimulate the local and international trade through increased truck traffic safety on the highways main northbound and westbound from Bgdad.ogira, oil exports continue growth in spite of the security situation. Since last December’s exports reached a level not seen since 1980, is expected to arrive exports a higher level in the current year.
This is a positive report, the increase in government spending and improve security and increase oil exports should make 2015 a year to recover the Iraqi economy recovers.
Marc de Weaver / on site IBN
alsabaah.iq
