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Moody's" expects high growth of Iraq's economy 8 percent in four years
Date: 09/21/2015 14:19
Information / BAGHDAD / ..
predicted Moody's credit rating, to increase Iraq's oil production at a rate of 10% annually to reach about 5 million barrels a day by 2019, in conjunction with the non-oil growth from 2016 recovery onwards, and this will help to raise the output growth rate real GDP to about 8% a year between 2016 and 2019.
She Moody's said in a statement, seen by Anatolia on Monday, that the Iraqi economy suffers from a lack of diversification, where oil accounts for 50% of GDP, and nearly 100 % of exports, as the public sector dominated the non-oil sector, and the form of manufacturing and construction only 10% of GDP in 2014.
In 2014, real GDP in Iraq fell by 2.1%, driven by a sharp contraction in the non-oil growth, while growth of oil production continued at about 4.5%. Finished / 25
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Date: 09/21/2015 14:19
Information / BAGHDAD / ..
predicted Moody's credit rating, to increase Iraq's oil production at a rate of 10% annually to reach about 5 million barrels a day by 2019, in conjunction with the non-oil growth from 2016 recovery onwards, and this will help to raise the output growth rate real GDP to about 8% a year between 2016 and 2019.
She Moody's said in a statement, seen by Anatolia on Monday, that the Iraqi economy suffers from a lack of diversification, where oil accounts for 50% of GDP, and nearly 100 % of exports, as the public sector dominated the non-oil sector, and the form of manufacturing and construction only 10% of GDP in 2014.
In 2014, real GDP in Iraq fell by 2.1%, driven by a sharp contraction in the non-oil growth, while growth of oil production continued at about 4.5%. Finished / 25
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