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Mr. Majid, a renowned Iraqi economist, predicted that high rates of inflation in the country over the coming months, urging the Government to pursue real economic development in the country. His opinion has been revealed by the news agency, named as Mock.
The news agency further illustrated: “There are obvious reasons may lead to rising inflation because of the fluctuation in the price of gold, oil and the dollar exchange rate, and this will lead to KULLA rise in price leads to higher inflation in the future.”
The agency also reported Mr. Majid stated that if one is concerned with the real economic development of the country, then government has to take some strong reform actions. To cover the increasing inflation rate, long term economic goal and plans have to be opted.
Inflation level in the country can be managed through the accountability of goods and services, including food, rent, transportation and communications, health, education and other consumer. Prospects in such aspects or industries will bring economic balance in the nation, as anticipated by him.
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Updated 17 Jul 2013 | Soruce: IKH News | By S.Seal
The news agency further illustrated: “There are obvious reasons may lead to rising inflation because of the fluctuation in the price of gold, oil and the dollar exchange rate, and this will lead to KULLA rise in price leads to higher inflation in the future.”
The agency also reported Mr. Majid stated that if one is concerned with the real economic development of the country, then government has to take some strong reform actions. To cover the increasing inflation rate, long term economic goal and plans have to be opted.
Inflation level in the country can be managed through the accountability of goods and services, including food, rent, transportation and communications, health, education and other consumer. Prospects in such aspects or industries will bring economic balance in the nation, as anticipated by him.
[You must be registered and logged in to see this link.]
Updated 17 Jul 2013 | Soruce: IKH News | By S.Seal
