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Baghdad: officials are concerned about the repercussions of the financial crisis
01/29/2015
Feel a large number of employees concerned, fearing that the current financial crisis affecting the salaries, despite the government's pledges, and the House of Representatives that the red line staff salaries.
Despite these assurances, but that is a small number of staff played down the shopping, self-sufficient with their needs and become do not go to the market only to buy items necessary, this is definitely Circus impact on the development of the market in the near future.
He said the employee Yusuf Abdul Razak that he is very concerned that the country is going through, so follow it and other austerity behavior, until the demise of the financial crisis.
He said the employee Haidar Jalil he asked his family need to exchange rationing, and the reduction of frequenting markets, and to follow the policy of austerity with the exception of the necessary conditions such as check with your doctor or buy food.
And confirms the economic expert on behalf of Jamil Antoine said pumping liquidity will fall by between 40% to 50% and this will reflect negatively on the purchasing power of citizens, as well as the contraction of import volume, low real estate prices.
Antoine said that demand for goods will be reduced and therefore prices will drop a bit, and will shrink in the market, pointing out that this situation will not continue, as it expected the deal with the crisis after the middle of this year.
He sees analyst Majid picture that more than affected by this crisis are working in the private sector, especially in companies that have contracting with the government, as it did not receive some of the companies their money for more than a year, as well as the non-receipt of government employees their salaries for three months.
He said that the picture of a lack of funds Six on the demand for goods and widgets size, noting that this will lead to lower prices, especially for imported goods and will decrease the rate of inflation in Iraq.
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01/29/2015
Feel a large number of employees concerned, fearing that the current financial crisis affecting the salaries, despite the government's pledges, and the House of Representatives that the red line staff salaries.
Despite these assurances, but that is a small number of staff played down the shopping, self-sufficient with their needs and become do not go to the market only to buy items necessary, this is definitely Circus impact on the development of the market in the near future.
He said the employee Yusuf Abdul Razak that he is very concerned that the country is going through, so follow it and other austerity behavior, until the demise of the financial crisis.
He said the employee Haidar Jalil he asked his family need to exchange rationing, and the reduction of frequenting markets, and to follow the policy of austerity with the exception of the necessary conditions such as check with your doctor or buy food.
And confirms the economic expert on behalf of Jamil Antoine said pumping liquidity will fall by between 40% to 50% and this will reflect negatively on the purchasing power of citizens, as well as the contraction of import volume, low real estate prices.
Antoine said that demand for goods will be reduced and therefore prices will drop a bit, and will shrink in the market, pointing out that this situation will not continue, as it expected the deal with the crisis after the middle of this year.
He sees analyst Majid picture that more than affected by this crisis are working in the private sector, especially in companies that have contracting with the government, as it did not receive some of the companies their money for more than a year, as well as the non-receipt of government employees their salaries for three months.
He said that the picture of a lack of funds Six on the demand for goods and widgets size, noting that this will lead to lower prices, especially for imported goods and will decrease the rate of inflation in Iraq.
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