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BatmaninIraq
06-28-2016, 11:13 PM
World Bank: Economic situation in Iraq remains fragile, with a high GDP growth rate

28/06/2016 Follow-up scales NewsThe World Bank, said on Monday that the economic growth of the countries that are experiencing battles, such as Iraq, Syria, Yemen, Libya rates "will not improve soon," While the likely economic situation in Iraq remains "fragile" with the continuing violence and the fighting and the decline in oil prices compared with a rise of military and humanitarian needs costs , the gross domestic product of Iraq will grow by 4.3 percent this year, with the possibility of rising to 5.6 percent next year.
According to the World Bank in a report that "the economic growth of developing countries fell from 4.9 in 2014 to 4.3 percent in 2015 the past, as a result of weak export capacity and its recession happening in Brazil and Russia, with the exposure of Petroleum Exporting Countries to economic crises because of the falling price," expected to " recovering the growth of the international economy a little during the current year 2016 and to rise by 2.9 percent to rise more over the next two years from 2017 to 2018 to reach 3.1 percent. "
He added that "economic growth rates in countries where battles, such as Iraq, Syria, Yemen and Libya, will not improve soon unless it solves the stability and peace in which, as well as the impact of falling oil prices on their economies and caused a deficit which," noting that "Iraq is facing a financial deficit rates high, it reached 14.5 percent last year 2015, resulting from the drop in oil prices and the cost of war being waged against al Daash. "
It suggested the World Bank, to "keep the economic situation in Iraq is fragile, with continuing violence and fighting and falling oil prices compared with a rise of military and humanitarian needs of the costs and the increased incidence of internal displacement and displacement," asserting that "the gross domestic product (GDP) of Iraq's growth rate during the current 2016 will be 4.3% percent, with the possibility of rising to 5.6 percent in 2017 year. "It estimated the bank "damage to water, transport, public buildings and municipal services and housing sector in the four cities liberated from al Daash in Iraq, up to 362 to 443 million dollars," following up "The United Nations estimates that there more than eight million and 200 thousand Iraqis in need of humanitarian aid, estimated to cost up to $ 704 million, and that there are nearly three million Iraqi children out of school because of violence and war, and that more than 14 thousand teacher forced to flee the fighting conditions in the country "

jonas
06-29-2016, 01:33 AM
I personally think with the financial reforms that are being made, the growth rate will be more positive. In any case, even if the country is not growing - as long as it has liquidity flowing in the economy - that is good enough for the people, in the short term. The key here is to get the banks lending and managing projects. In any case, once the economy is jump started by the ISX, the market will take it on from there.

millionairetobe71
06-29-2016, 04:33 AM
Oh man....is easier said than done in anything related to Iraq.....

To begin, Iraq is the most corrupted country in the world, possibly a notch less than North Korea....possibly.....

And just to get something done, the challenges are herculeans in olympic size and their time for "fast" are measured in years, not days or weeks.

Basically....nothing gets done...

So yes, financial reforms may be shaping now, but, it will take decades before anything can possibly be implemented.

The only thing I am hoping for is that the Iraqis learn from the ISIS conflict and understand that the population needs priority, move their dragging feet faster and do something or they will end up in another civil war.

Now, let me crawl back to my soap box and sleep.

MTB71

BatmaninIraq
06-29-2016, 10:21 AM
World Bank expects the growth of the Iraqi economy by 4.3% in 2016


 Baghdad / Hamed Ahmed

It assured the World Bank, on Tuesday, that the economic growth of the countries that are experiencing battles, such as Iraq, Syria, Yemen, Libya rates "will not improve soon," While the likely economic situation in Iraq remains "fragile" with the continuing violence and the fighting and the decline in oil prices compared to the high military needs costs and humanity, between the GDP of Iraq will grow by 4.3 percent this year, with the possibility of rising to 5.6 percent next year.
According to the World Bank in a report, he followed (range Press), " The economic growth of developing countries fell from 4.9 in 2014 to 4.3 percent in 2015 the past, as a result of weak export capacity and its recession happening in Brazil and Russia, with the exposure of Petroleum Exporting Countries to economic crises because of drop its price , "expected to" recover the growth of the international economy a little bit during the current 2016 and rising by 2.9 percent to rise more during the years 2017 to 2018 the next two to up to 3.1 percent. "
the bank said that" economic growth rates in countries where battles, such as Iraq, Syria, Yemen and Libya, will not improve soon unless it solves the stability and peace in which, as well as the impact of falling oil prices on their economies and caused a deficit which , "noting that" Iraq faces a deficit rate financial high, reached 14.5 percent in the past in 2015, resulting from the decline oil prices and the cost of war being waged against al
Daash. "
He suggested the World Bank, to" keep the economic situation in Iraq is fragile , with continuing violence and fighting and falling oil prices compared with a rise of military and humanitarian needs of the costs and theincreased incidence of internal displacement and displacement , "asserting that" GDP growth rate product (GDP ) to Iraq during the current 2016 will be 4.3 percent , with the possibility to rise to 5.6 percent during thenext year in 2017 ".
He estimated the bank," the damage to the water sector, transport , public buildings and municipal services and housing in four cities liberated from al Daash in Iraq, up to 362 to $ 443 million, "following up" The United Nations estimates that there more than eight million and 200 thousand Iraqis in need of humanitarian aid, estimated to cost up to $ 704 million, and that there are nearly three million Iraqi children out of school because of violence and war, and that more than 14 thousand teacher forced to flee the fighting conditions in the country. "
the United Nations has estimated there are more than three million and 400 thousand displaced people in Iraq, as well as several hundred others have been forced to migrate abroad as a result of violence and thedeterioration of economic conditions. It is
noteworthy that Iraq is suffering a financial deficit significant result of the repercussions of the war against terrorism and the decline in world oil prices, which forced him to use the IMF to get soft loans amounting to nearly $ 14 billion.
the World Bank predicted in the January 18, 2016 that the rate of growth of the Iraqi economy be during thecurrent 2016, about 3.1% after the He reached 0.5 in 2015, and attributed this to the recovery of oil and non - oil sectors and the presumption of diminished effects of appearance (Daash).