Home
Expert warns of the country's vulnerability to economic downturn
Date: Thursday, 10.05.2012 7:47
Baghdad / range
warned economist Bassem Jamil Anton of the possibility of the country's vulnerability to the economic downturn considerably if continued political problems by reducing the movement of investment, lack of economic visions strategy by officials involved in the economic aspect. said Anton, according to the Agency (news) that one of the main conditions for investment and economic growth in the country is the existence of political stability and a harmonious coalition government,
Because of conflicts between the political blocs will give a bad message to the foreign investor and suggest to him that the Iraqi environment unstable political and security, and therefore would be legal and regulatory environment is weak eyes of the investor, what will lead to a reluctance to enter into Iraq.
He added that the continuing political problems will lead to official concern about side Economic and leave the Iraqi economy and how to promote it, and thus weaken the movement of investment causing economic contraction lot of hard to deal with it.
and called for the need to resolve all political disputes between the blocks in a dialogue for the benefit of the country and its people, because the Iraqi economy is the key to achieving stability in the country.
It is worth mentioning that political conflicts have affected the Iraqi economy in terms of the depreciation of the dinar against the dollar and the fluctuation of the stock market index, and increased prices in local markets, and the reluctance of investors from entering Iraq.
[You must be registered and logged in to see this link.]
