The World Bank is expected to be the growth rate of the Iraqi economy during 2016 to 3.1%

[yota691]

 

New residential project on the side of a road Mohammed Qasim rapid east of the capital Baghdad Imaging (Mahmoud Raouf)

The World Bank is expected to be the growth rate of the Iraqi economy during 2016 to 3.1%

 

Author: AB, BS 
Editor: AB, BS 2016/01/18 18:10 Number of Views: 191 

 

 

Long-Presse / Baghdad

Expect the World Bank, on Monday, that the rate of growth of the Iraqi economy be during 2016, about 3.1% after reaching 0.5 in the last year, and attributed this to the recovery of oil sectors and non-oil and the presumption of diminished effects of appearance (Daash), as warned the exposure of the region's "high-risk" as a result of the possibility of escalation of conflicts and the continuing decline in oil prices, likely growth Middle East and North Africa's economy after the Iranian nuclear deal.

The World Bank said in a report received (range Press), a copy of which, "The growth rate in developing Middle East countries and North Africa continued at 2.5% in 2015," noting that "the accelerated pace of activity in most oil-importing countries compensated for the slowdown in activity in oil-exporting countries. "

The report added, "The decline in oil prices helped most oil-importing countries, to support the demand and allowed the government to reduce fuel subsidies," pointing to the "production and low investment in the oil sector and in the most oil-exporting countries, with the sharp decline in oil prices since mid-2014, and exposure Libya's economy for more pressure as a result of the ongoing conflict. "

Promised to the report, the signing of the agreement "a comprehensive plan of action common" to impose restrictions on Iran's nuclear program from the "Pivot developments in the region," stressing that "renewed optimism about the possible effects on the Iranian economy was born a great deal of interest among international investors."

The report emphasized that "the absence of references to the decline of the effects of conflict witnessed in the Middle East and North Africa in 2015," noting that "the number of people who left their country because of the conflict unprecedented."

The report predicted that "the growth rebound in Iraq to 3.1% in 2016, after reaching 0.5% in 2015," attributing it to "the recovery of oil and non-oil sectors."

The report, "The spending cuts will help to reduce the public budget deficit," explaining that "those predictions are based on the presumption of diminished economic impacts resulting from the emergence of (Daash)."

It favored the report, that "the increasing rate of growth in the Middle East and North Africa region to 5.1% in 2016, after the suspension or lifting of sanctions economic imposed on Iran, which will allow it to play a greater role in global energy markets," expected to "grow the Iranian economy strongly to score 5.8% compared with 1.9% in 2015, in the case of Iran has fulfilled its obligations under the agreement. "

Forecasts report, that "Egypt will witness a moderate growth of 3.8% in the fiscal year ending in June 2016, compared with 4.2% in the fiscal year that ended in June 2015," warning of "serious risks may be exposed to the region due to the possibility of escalation of conflicts and the continued decline in oil prices, and the failure to improve living conditions. "

The promise of the report, that "could trigger social unrest," asserting that "the continuing conflict has inflicted serious damage to economic activity in Iraq, Libya, Syria and Yemen as a result of the loss of life, and the departure of skilled workers, and the destruction of infrastructure, and impeding the movement of trade."

The report went on, that "countries that do not suffer from conflicts also faces challenges due to the impact of security risks and uncertainty of the political situation in the confidence of consumers, businesses and investors, after Egypt witnessed two governments in the second half of 2015, and the absence of a president for Lebanon since 2014".

It noted the report, that "the terrorist attacks on tourists in Egypt and Tunisia in 2015 damaged the tourism sector", stressing that "the depletion of flows of hard currency in Egypt from the introduction of the tourism sector in the recession, will lead to a weakening of growth, increasing shortage of foreign currency."

He concluded the report, that "the labor market in the region, the situation has worsened in comparison with other developing regions, have not improved since the Arab Spring uprisings," revealing "the arrival of the unemployment rate in Algeria, Egypt, Morocco and Tunisia to the highest of levels in 2010", they returned that "this It may contribute to social unrest. "

[SnowGlobe7]

They want/need the US dollar...or at least a foreign currency that tourists bring, yet they keep their country in turmoil and tourists feel unsafe to visit. 

[Boozer]

You cant pay the loan back in OIL, you need a currency worth something

[djgabrielie1]

I doubt that I will visit Iraq in my lifetime. I have been many places (some in turmoil) but Iraq doesn't have visitor appeal to me. Neither does Iran for that matter. Personally, I would like to go to Paris or Dubai first. There are so many places to visit that are first on the list before Iraq. I am just as assured there are several places lower on the list that Iraq or Iran as well. I don't have an unlimited budget. ... yet. 

[djgabrielie1]

A quick internet search of best places to visit in the Middle East alone revealed no sign of IRAQ or IRAN. On the other hand when you search for the Worst Places to visit they pop up. 

I think they need to be working on something more important than tourism. Don't ya think!

[RV4CandyMan]

Would rather see 7-8%

[yota691]

Planning supports the World Bank forecasts growth of the Iraqi economy up

He wrote: January 20, 2016

Supported the Ministry of Planning, on Wednesday, the expectations of the World Bank about the possibility of higher growth rates in Iraq during the current year, while indicated that they are based mainly Iraqi contact information, and suggested that the rate of growth exceeding 3 percent, and attributed this to the focus of the government program and a package of reforms on interest in the development of non-oil sectors to increase the gross domestic product and out of the rentier economy.

A spokesman for the ministry, Abdul Zahra al-Hindawi, said that "the World Bank forecast on high growth rates in Iraq to about 3.1 (three and one-tenth) percent during the current 2016, incorrect and very different from the ministry's expectations", pointing out that such "expectations are taken mainly concerned with Iraqi authorities. "

He said al-Hindawi, that "the level of growth could be more than that percentage," noting that "Iraq is not a poor country because it possesses the economic fundamentals of the trend towards the right path."

He explained a spokesman for the Ministry of Planning, said: "Iraq is today a liquidity crisis, not an economic crisis," returned that could "get over this crisis and take advantage of them to arrange the future status of the country, to take a number of measures to ensure direct processors in various sectors, according to the Government's vision."

He said al-Hindawi, that "the Ministry of Planning expects that the government program and a package of reforms launched by the Prime Minister, Haider al-Abadi lead to progress in the growth in the context of 2013 - 2017 five-year plan, through attention to sectors of development of non-oil to be a gross domestic product larger than it is Now, especially in agriculture, tourism and industry sectors, as well as the activation procedures for customs and taxes to help increase the level of growth. "

He said a spokesman for the Ministry of Planning, that "growth rates under the 2013 - 2017 it is hoped that up to eight or even nine percent, which already has been reached 3.8 percent in 2013 five-year plan, but backed off because of falling oil prices and the war against Dash", believing that this "led to re-examine those expectations by about reduces dependence on oil and out of the rentier economy."

And went on al-Hindawi, that "the level of growth would rise by 3.1 percent, it will create more employment and reduce the high unemployment in the country opportunities," pointing out that "poverty levels remain high for 2014, but it could be improved is the other Although there is the possibility of the assertion that ,. only after a new survey, which will begin in the first half of this year to see the reality of living and unemployment and check it carefully. "

The World Bank predicted that the Iraqi economy growth rate be during the current year 2016, about 3.1 percent after it reached 0.5 in the past year in 2015, and attributed this to the recovery of oil and non-oil sectors, and the emergence of the effects of shrinking assumption (Daash).

[yota691]

 

 

Mjsr revolted in Najaf Imaging (Ala Reef)

Planning supports the expectations of the World Bank during the high growth rate in 2016 and suggest that Taatjaosal 3%

 

Author: ASJ, BS 
Editor: BK, BS 2016/01/20 10:02 Number of Views: 334 

 

Long-Presse / Baghdad

It supported the Ministry of Planning, on Wednesday, the expectations of the World Bank about the possibility of higher growth rates in Iraq during the current year, while showed that it was based on an Iraqi contact information Basically, suggested that the rate of growth exceeding 3 percent, and attributed this to the focus of the government program and a package of reforms on interest in the development of non-oil sectors to increase the gross domestic product and out of the rentier economy.

A spokesman for the ministry, Abdul Zahra al-Hindawi, said in an interview to the (long-Presse), "The World Bank forecasts on high growth rates in Iraq to about 3.1 (three and one-tenth) percent during the current 2016, incorrect and very different from the ministry's expectations" He pointed out that those "taken primarily from the concerned Iraqi parties expectations".

He said al-Hindawi, that "the level of growth could be more than that percentage," noting that "Iraq is not a poor country because it possesses the economic fundamentals of the trend towards the right path."

He explained a spokesman for the Ministry of Planning, said: "Iraq is today a liquidity crisis, not an economic crisis," returned that could "get over this crisis and take advantage of them to arrange the future status of the country, to take a number of measures to ensure direct processors in various sectors, according to the Government's vision."

He said al-Hindawi, that "the Ministry of Planning expects that the government program and a package of reforms launched by the Prime Minister, Haider al-Abadi lead to progress in the growth in the context of 2013 - 2017 five-year plan, through attention to sectors of development of non-oil to be a gross domestic product larger than it is Now, especially in agriculture, tourism and industry sectors, as well as the activation of special procedures Emark and taxes to help increase the level of growth. "

He said a spokesman for the Ministry of Planning, that "growth rates under the 2013 - 2017 it is hoped that up to eight or even nine percent, which already has been reached 3.8 percent in 2013 five-year plan, but declined due to falling oil prices and the war against Dash", It returned so that "led to re-examine those expectations by about reduces dependence on oil and out of the rentier economy."

And went on al-Hindawi, that "the level of growth would rise by 3.1 percent, it will create more employment and reduce the high unemployment in the country opportunities," pointing out that "poverty levels remain high for 2014, but it could be improved is the other Although there is the possibility of the assertion that ,. only after a new survey, which will begin in the first half of this year to see the reality of living and unemployment and check it carefully. "

The World Bank predicted in (the 18th of January 2016), the growth rate of the Iraqi economy be during the current 2016, about 3.1 percent after it reached 0.5 in 2015, the past, and attributed this to the recovery of the oil sector and non-oil, and the presumption of diminished effects of appearance ( Daash).

[Boozer]

war torn and 8 yrs of Maliki, I think they have done well in the past yr.

[calkid11]

Thank you Yota

[RV4CandyMan]

Could be worse!  Thanks Yota!

[Boozer]

IMF stated  3.7 for the world Not just Iraq. and could go down before going back up

[Laid Back]

I remember the ministry of planning supporting a rate of $1.13:1

It was an study the did long time ago.

Go budget

Go HCL

Go CBI

Go monetary reform

Go dinar

Go $1.13:1

Go 2016