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ESCWA: Arab region growth of 3.9 percent in 2015
1/24/2015 0:00
Report predicted a positive growth of the Iraqi economy
BAGHDAD agencies
expect a report by the Economic and Social Commission for Western Asia of the United Nations, "ESCWA" high growth in the Arab region in 2015 to 3.9 percent from 2.4 percent in 2014.
lost oil prices more than 50 percent of its value since the middle of last year, after prices approached the lowest level in six years in recent times.
The report added: "If crude oil prices remained below $ 70 a barrel for a longer period, the confidence of the business community in the Gulf Cooperation Council countries will be affected, economy Iraqi shrank by 2.6 percent in 2014, and broke down the non-oil sector activities because of aggression (Daash) on the country, which led to the deterioration of the economic situation significantly, but Iraq is expected to record positive growth in 2015, before rebounding firmer steps in 2016 .
In terms of the oil-exporting countries, particularly the Gulf Cooperation Council (GCC), the report predicted that these countries at a faster pace than other non-oil-exporting countries, "is expected to register Qatar and Saudi Arabia will continue to grow faster GDP growth in 2015, compared to 2014 to reach 6.7 percent and 4.2 percent respectively. " A report (ESCWA) is expected to retain the financial position of the Petroleum Exporting Countries is inherently expansionist, albeit to a lesser degree than in previous years, because of the sharp drop in oil prices. The report predicted that the fiscal position is kept in the Petroleum Exporting Countries is inherently expansionist, albeit to a lesser degree than in previous years, because of the sharp drop in the price of Alinvt.oukal report that growth in Turkey declined in 2014 to 2.7 percent, from 4, 1 percent in 2013, and the reason for this slowdown in domestic consumption and investment.
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1/24/2015 0:00
Report predicted a positive growth of the Iraqi economy
BAGHDAD agencies
expect a report by the Economic and Social Commission for Western Asia of the United Nations, "ESCWA" high growth in the Arab region in 2015 to 3.9 percent from 2.4 percent in 2014.
lost oil prices more than 50 percent of its value since the middle of last year, after prices approached the lowest level in six years in recent times.
The report added: "If crude oil prices remained below $ 70 a barrel for a longer period, the confidence of the business community in the Gulf Cooperation Council countries will be affected, economy Iraqi shrank by 2.6 percent in 2014, and broke down the non-oil sector activities because of aggression (Daash) on the country, which led to the deterioration of the economic situation significantly, but Iraq is expected to record positive growth in 2015, before rebounding firmer steps in 2016 .
In terms of the oil-exporting countries, particularly the Gulf Cooperation Council (GCC), the report predicted that these countries at a faster pace than other non-oil-exporting countries, "is expected to register Qatar and Saudi Arabia will continue to grow faster GDP growth in 2015, compared to 2014 to reach 6.7 percent and 4.2 percent respectively. " A report (ESCWA) is expected to retain the financial position of the Petroleum Exporting Countries is inherently expansionist, albeit to a lesser degree than in previous years, because of the sharp drop in oil prices. The report predicted that the fiscal position is kept in the Petroleum Exporting Countries is inherently expansionist, albeit to a lesser degree than in previous years, because of the sharp drop in the price of Alinvt.oukal report that growth in Turkey declined in 2014 to 2.7 percent, from 4, 1 percent in 2013, and the reason for this slowdown in domestic consumption and investment.
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