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Planning expects economic growth in Iraq drop to 1% in 2015
01/08/2015
Follow-up - and babysit - predicted the Ministry of Planning, economic growth in Iraq drop to 1%, noting that the decline in oil prices had a negative impact on the economy, as demanded reconsideration of projects and prioritization of them.
He said ministry spokesman Abdul Zahra al-Hindawi in a press statement on Saturday, that "the ministry as part of its development plans was supposed to be a growth rate of up to 8% per year, but the problems suffered by them by Iraq in the last period, especially in the second half of the year 2014 and the decline in oil prices, had a negative impact on the economy, leading to recession. "
He Hindawi that "the case of the downturn affected the decline in growth rates, which experts likely to be only 1% during the current year 2015," adding that "this is a very dangerous sign because of the decline of 8 to 1%."
Hindawi said that "there is a big problem facing Iraq because of the large budget deficit and spending, which impact negatively on the investment side," and urged "the need to reconsider the projects and prioritize them."
And confirmed that the Iraqi Ministry of Planning in August 2013 that the Iraqi economy growth rate of about 9%, while economists stressed that economic growth came as an inevitable result of the increase of oil production in Iraq.
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01/08/2015
Follow-up - and babysit - predicted the Ministry of Planning, economic growth in Iraq drop to 1%, noting that the decline in oil prices had a negative impact on the economy, as demanded reconsideration of projects and prioritization of them.
He said ministry spokesman Abdul Zahra al-Hindawi in a press statement on Saturday, that "the ministry as part of its development plans was supposed to be a growth rate of up to 8% per year, but the problems suffered by them by Iraq in the last period, especially in the second half of the year 2014 and the decline in oil prices, had a negative impact on the economy, leading to recession. "
He Hindawi that "the case of the downturn affected the decline in growth rates, which experts likely to be only 1% during the current year 2015," adding that "this is a very dangerous sign because of the decline of 8 to 1%."
Hindawi said that "there is a big problem facing Iraq because of the large budget deficit and spending, which impact negatively on the investment side," and urged "the need to reconsider the projects and prioritize them."
And confirmed that the Iraqi Ministry of Planning in August 2013 that the Iraqi economy growth rate of about 9%, while economists stressed that economic growth came as an inevitable result of the increase of oil production in Iraq.
[You must be registered and logged in to see this link.]
