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Will Iraq become the highest Arab country in economic growth?


yota691
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On 2/10/2018 at 4:07 PM, jeepguy said:

hahhahahaha  he said tube turkey  ,  got a  chuckle  out of that  ^_^

It reads ground turkey, but really it's ground rat from China. Probably not even meat, organ meat, gizards and glands. 

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10 hours ago, 10 YEARS LATER said:

I would certainly hope to see improvement in 5 years . . . although having to wait 5 MORE YEARS for an RV is pure insanity. :wacko: ( wacko ).

Yes Wacko indeed good friend...

 

10 hours ago, Laid Back said:

5 years development plan = Iraq economy will improve in 5 years

 

Go RV

Go $1:1

I'm hoping :praying: that it happens now, why tell the world to get in now while it's low and everyone make money later??? I mean yes and no....I imagine that they will only give folks a few months or years to invest....due to the heavy hitters banks nations govt gas companies electric etc etc are already sealed up... we all know how they like to poo on the little guys....as soon as we try investing they'll flip the switch so we miss out or just like Evey other mom and pop shop

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Let’s not forget, the IMF also stated Iraq would RV the IQD in June 2016. Articles Archived somewhere, haven’t a clue where, though.

 

I based a decision on that news, luckily it didn’t come back on me and bite me in the Azz, but I did take a hit, though. The one time, never again will I trust that sort of a “ reliable source.”

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1 hour ago, 10 YEARS LATER said:

Let’s not forget, the IMF also stated Iraq would RV the IQD in June 2016. Articles Archived somewhere, haven’t a clue where, though.

 

I based a decision on that news, luckily it didn’t come back on me and bite me in the Azz, but I did take a hit, though. The one time, never again will I trust that sort of a “ reliable source.”

I understand completely, but we have to remember not everyone is looking at every news outlet in the world to find out about something but us lol, everyone else watches what they watch trust who they trust... I feel we'll be seeing more articles like this from different news outlets  globally on Iraq and "soon" enough lol

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Iraq: Youth unemployment rate more than 40% and the proportion of women outside the workforce 85%

 Since 2018-05-24 at 13:37 (Baghdad time)
%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9

Baghdad Mawazine News

The International Monetary Fund (IMF) said Thursday that the youth unemployment rate in Iraq is more than 40 percent, while the proportion of women outside the labor force is 85 percent.

"Youth unemployment is high by international standards in many countries in the Middle East, North Africa, Afghanistan and Pakistan," the IMF said in a report.

The report pointed out that "the rate of youth unemployment in the oil country Iraq is more than 40%, while the rate of women outside the workforce is close to 85%," noting that "Qatar ranked first in the least unemployment and less than 5% .

He added that "the highest rate of unemployment for young people are in the State of Oman and at a rate of more than 50%, preceded by Libya at a rate of 48%."

The report pointed out that "the need for countries to distribute the fruits of prosperity to everyone in order to reduce the rate of unemployment," noting that "some countries are encouraging the reduction of unemployment as the UAE through important investments for education and innovation, and Iran has developed programs to create jobs for young people and women "Ending 29 / a 43

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4 hours ago, DIAMOND said:

they cant wait 5 yrs for good economy, they need RV to draw in investment, they have world bank loans to pay an imf loans so if no change in 5 yrs they'll be dead in the water 

So they best put it in gear, I would start in 2ND/3rd release the clutch and pedal to the floor....but that's just me LMFAO

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8 hours ago, chinadawg said:

I'm sick of  5 year plans,,,,,,can someone please introduce a 5 DAY PLAN.

 

I'll take the 5 hour plan and a 5 hour energy for that matter to get me through the rush.  Get text from Adam.  Go gather dinar.  Call attorney. Go to bank to exchange and ride off into the sunset.  Sweet, simple, and easy  :jester:

 

SR

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The International Monetary Fund (IMF) has issued a low-level assessment of the labor force in Iraq

The International Monetary Fund (IMF) has issued a low-level assessment of the labor force in Iraq



 Twilight News    
 38 minutes ago

The International Monetary Fund (IMF) said the unemployment rate of Iraq's youth is more than 40 percent. 
"The rate of women outside the labor force in Iraq is around 85 percent," the report said. 
Security tensions in Iraq since 2003 have reduced the size of the country's economy and productive sectors and driven overseas investments. 
The report of the IMF pointed to the rise in youth unemployment by international standards in many countries in the Middle East, North Africa, Afghanistan and Pakistan. 
"It is necessary for countries to distribute the fruits of prosperity to all, in order to reduce the unemployment rate." 
A report issued by the Central Bureau of Statistics in March reported that 22 percent of all women in the country are unemployed.
The total unemployment rate in Iraq is more than 23 percent, which is a significant increase from the rates recorded before the control of the organization, "Daash" terrorist, two thirds of Iraq's middle of 2014, which amounted to 19 percent.

Keywords: 

 
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On 1/6/2018 at 1:03 PM, skeetdog said:

....Did Iraq ever approve the 2017 budget???? I think Iraq went the entire year, last year without an approved budget..

The GOI approved the 2017 budget. However, after the second review of the IMF on the 2016 SBA, a supplemental budget was introduced and needed to be passed. Thus giving the illusion the 2017 budget had not been passed. This supplemental budget for 2017 was done at the behest of the IMF and had it not been passed, Iraq would have found themselves in violation of the agreement and the RV would have been put off, potentially, for another 5 to 10 years. Even now Iraq is coming close to violations of the 2016 SBA but is getting by with waivers the IMF are signing off on.

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  • 5 months later...

724662_Med.jpg

 

International Monetary Fund expects high economic growth in Iraq

The International Monetary Fund (IMF) said on Tuesday that economic growth in Iraq and other oil countries will reach 0.9% next year, warning at the same time of fluctuations in oil prices.
"The economy of the Gulf region in general will return to growth in 2018 after shrinking in some of its countries, but it remains vulnerable to fluctuations in oil prices," the IMF said in a report released today. "The rise in oil prices after the significant decline until 2016 will allow the Gulf economy Growth of 2.4% this year and 3% in 2019, after shrinking by 0.4% in 2017.
With the oil market unstable and volatile, the IMF warned that "the growth prospects of the oil-exporting countries are affected by serious doubts about the course of oil prices in the future."
"Growth in the oil countries in the region outside the Gulf, namely Iraq, Iran, Algeria and Libya, is expected to reach 0.3 percent in 2018, after reaching 3 percent the previous year, before rising to 0.9 percent in 2019.
"This is a significant reflection of the re-imposition of US sanctions on Iran, which will likely reduce Iran's production and exports over the next two years," he said, predicting Iran's economy will shrink by 1.6 percent this year and 3.6 percent next year.

 

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International economic growth expected to rise in Iraq in 2019
irq_318885418_1542095132.jpg&max_width=3
BAGHDAD / .. International Monetary Fund announced on Tuesday that economic growth in Iraq and other oil -producing countries will reach 0.9% next year, warning at the same time of fluctuations in oil prices.
The GCC economy in general will return to growth in 2018 after shrinking in some of its countries but remains vulnerable to oil price volatility, the IMF said in a report released today.
He pointed out that the rise in oil prices after the significant decline until 2016 will allow the Gulf economy to grow by 2.4% this year and 3% in 2019, after shrinking by 0.4% in 2017.
The six Gulf states - Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuwait and Qatar - produce 17 million barrels of oil a day and their budgets are heavily dependent on crude revenues.
With the oil market unstable and volatile, the IMF warned that "the growth prospects of the oil-exporting countries are affected by serious doubts about the course of oil prices in the future."
Oil prices lost about 20 percent of their value last month after rising recently, due to oversupply and indications of the limited impact of US sanctions on Iran.
The IMF said growth in the oil-producing countries outside the Gulf - Iraq, Iran, Algeria and Libya - is expected to reach 0.3 percent in 2018, up from 3 percent a year earlier, before rising to 0.9 percent in 2019.
"This is a significant reflection of the re-imposition of US sanctions on Iran, which will likely reduce Iran's production and exports over the next two years," he said.
He predicted that the Iranian economy will shrink by 1.6% this year and by 3.6% next year. "


http://aynaliraqnews.com/index.php?aa=news&id22=108522
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Tuesday, 13 November 2018 10:38 AM

 

A shocking outlook for the IMF on economic growth in Iraq next year

Monetary Fund

 

 

The International Monetary Fund said Tuesday that economic growth in Iraq and other oil countries will reach 0.9% next year, warning at the same time of fluctuations in oil prices. 

The GCC economy in general will return to growth in 2018 after shrinking in some of its countries but remains vulnerable to oil price volatility, the IMF said in a report released today. 
He pointed out that the rise in oil prices after the great decline witnessed until 2016 will allow the Gulf economy to grow by 2.4% this year and 3% in 2019, after shrinking by 0.4% in 2017. 

The six Gulf states together, Saudi Arabia and the UAE Bahrain, Oman, Kuwait and Qatar - 17 million barrels of oil a day and their budgets are heavily dependent on crude revenues. 

With the oil market unstable and price volatility, the IMF warnedThat "the prospects for growth of oil-exporting countries are affected by large doubts about the course of oil prices in the future." 

Oil prices lost about 20 percent of their value last month after rising recently, due to oversupply and indications of the limited impact of US sanctions on Iran. 

The IMF said growth in the oil countries in the region outside the Gulf - Iraq, Iran, Algeria and Libya - is expected to reach 0.3 percent in 2018, up from 3 percent a year earlier, before rising to 0.9 percent in 2019 

. "This is a significant reflection of the re-imposition of US sanctions on Iran, which will likely reduce Iran's production and exports over the next two years." 

He predicted that the Iranian economy will shrink by 1.6% this year and by 3.6% next year. 
Count
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International inflation is expected to reach inflation in Iraq to 2% during 2018 and 2019

 
Tuesday, November 13
 
 
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Alsumaria News / Baghdad , 
predicted the International Monetary Fund on Tuesday, reaching annual inflation in Iraq during 2018 and 2019 to 2%, while noting that the total annual real GDP growth rate during the year 2019 about 6.5%. 

"The annual consumer price inflation in Iraq in 2018 and 2019 is expected to be 2 percent, up from 0.1 percent in 2017, and 14 percent between 2000 and 2014," the IMF said in a table prepared by Sumerian News.

 


"Total gross annual real GDP growth in 2019 is about 6.5 percent, while in 2018 it will be around 1.0 percent, while growth in 2016 was about 13.1 percent," the IMF said. 

"The total balance of the government's total gross domestic product (GDP) in 2019 is expected to reach 3.8 percent, while in 2018 it will reach 5.6 percent, after falling to 14.3 percent in 2016," the IMF said. 

The International Monetary Fund (IMF) is a specialized agency of the United Nations Bretton Woods system, established under an international treaty in 1944 to promote the integrity of the world economy. The Fund is headquartered in Washington , DC, and is managed by its members, covering almost all the world's 189 countries.

https://www.alsumaria.tv/news/252552/النقد-الدولي-يتوقع-بلوغ-التضخم-في-العراق-الى-2-خلا/ar

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The International Monetary Fund expects growth in Iraq to recover in 2018 and 2019

 
Tuesday 13 November 2018 11:00
 
 
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Alsumaria News / Baghdad
, predicted the International Monetary Fund on Tuesday, the recovery of growth inIraq in 2018 and 2019, indicating that the current state of the temporary rise in oil prices provide an opportunity for producing countries to rebuild preventive reserves. 

"The growth in oil countries in the region outside the Gulf, namely Iran, Iraq, Algeriaand Libya , is expected to reach 0.3 percent in 2018, after reaching 3 percent a year earlier, before rising to 0.9 percent in 2019, "noting that this" reflects significantly the re-imposition of US sanctions on Iran, which will likely reduce the production of Iran and exports in the next two years. "

 


The IMF predicted "the recovery of growth in Iraq in 2018 and 2019, which is mainly due to the continuation of reconstruction efforts." 

The IMF noted that "all these oil countries face similar financial challenges in the medium term. Given the high reliance on oil revenues, the average price achieved for the fiscal equivalent of 2020-2023 is expected to exceed the current oil price levels except in Iraq, Kuwait, Qatar, Saudi Arabia and the UAE United Arab Emirates, fiscal balances are still vulnerable to oil price movements. "

"The current temporary rise in oil prices provides an opportunity for countries to rebuild their reserves and potential threats to global prospects, including increased trade tensions, may put additional pressure on oil prices," the IMF said. Countries to strengthen their fiscal frameworks to create fiscal space in cases where they will need support through fiscal policy. "

https://www.alsumaria.tv/news/252532/صندوق-النقد-الدولي-يتوقع-تعافي-النمو-في-العراق-في/ar

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  • yota691 changed the title to International Monetary Fund expects high economic growth in Iraq
  • 1 month later...
Editorial Date: 2019/1/12 16:30  113 times read
The World Bank expects the growth rate of the Iraqi economy to rise in 2019 by this amount
(World Bank) The Middle East and North Africa (MENA) region is expected to grow by 1.9 percent in 2019, according to a World Bank report.
At the level of the oil - exporting countries, the report of the newly released titled {Global Economic Prospects: The Middle East and North Africa "skies grim figures show} that growth in the GCC will rise to 2.6 percent , supported by an active investment movement. 
Bank growth is expected to decline in Algeria To 2.3 percent due to slower government spending than in 2018. 
Egypt will see a growth rate of 5.6 percent in 2019, boosted by investments and reforms in the expected business climate, 
with Morocco and Tunisia growing at 2.9 percent in 2019 if Tourist indicators improved and continued Political reforms. 
Despite Iraq 's record modest growth in 2018 at 1.9 percent, will form the reconstruction projects is an important driver for the growth of its economy and neighboring economies, where it is expected to record 6.2 percent.
Growth in Jordan is likely to see a slight improvement of 2.3 percent. 
The 2018 estimates showed an improvement in growth to 1.7 percent amid improved economic activity in oil exporting and importing countries. 
Algeria registered a growth rate of 2.5 percent last year, Egypt with 5.3 percent, Morocco with 3.2 percent and Tunisia with 2.6 percent. 
The World Bank has warned of the risks facing the region, which can discourage growth, as conflicts can escalate and lead to greater damage to income and economic activity, not to mention health and social well-being.
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Iraq Economic Forecast

Iraq Economic Outlook

January 8, 2019

In the third quarter of 2018, the Iraqi economy grew at a meager rate over the same period a year earlier despite strong oil production and elevated prices for the black gold through late September. Oil production picked up noticeably in the quarter, but production moderated in October and November—partly due to bad weather in the Gulf region—which, coupled with plunging oil prices, will have dragged on the economy in the fourth quarter. In more positive news, oil exports jumped in December according to the oil ministry, despite the OPEC+ production curb. Exports benefited from the resumption of activity at the Kirkuk oil fields after a year of dormancy, which should provide some stimulus to the economy despite low prices.

Iraq Economic Growth

Downside risks remain abound. Iraq is a key supplier of oil to China, and a prolonged economic slowdown there would dent Iraq’s economy. Moreover, low oil prices risk Iraq’s postwar recovery and rebuilding efforts. A potential resurgence of armed conflict further clouds the outlook. Focus Economics panelists expect growth of 4.6% in 2019, which is down 0.2 percentage points from last month’s forecast, and 3.4% in 2020.
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Iraq Economy Data

  2013 2014 2015 2016 2017
Population (million) 33.4 36.0 36.9 37.9 38.9
GDP per capita (USD) 7,042 6,621 4,851 4,548 -  
GDP (USD bn) 235 238 179 172 -  
Economic Growth (GDP, annual variation in %) 6.6 0.7 4.8 11.0 -  
Industrial Production (annual variation in %) 5.0 6.7 22.2 8.0 -  
Unemployment Rate 7.9 7.6 7.7 8.0 8.2
Fiscal Balance (% of GDP) -5.8 -5.4 -12.3 -13.9 -  
Public Debt (% of GDP) 31.2 32.0 55.1 64.4 -  
Inflation Rate (CPI, annual variation in %) 1.9 2.2 1.4 0.4 0.2
Policy Interest Rate (%) 6.00 6.00 6.00 4.00 4.00
Exchange Rate (vs USD) 1,165 1,143 1,096 1,182 1,185
Exchange Rate (vs USD, aop) 1,163 1,163 1,148 1,171 1,177
Current Account (% of GDP) 9.6 10.2 -1.1 2.1 -  
Current Account Balance (USD bn) 22.6 24.4 -1.9 3.6 -  
Trade Balance (USD billion) 30.4 26.8 3.3 7.1 18.8
Exports (USD billion) 89.8 85.4 51.3 41.3 57.6
Imports (USD billion) 60.1 54.4 48.0 34.3 38.8
Exports (annual variation in %) -4.7 -4.9 -39.9 -19.5 39.4
Imports (annual variation in %) 0.6 -1.3 -18.1 -28.7 13.3
International Reserves (USD) 77.7 66.3 53.5 44.9 48.9
External Debt (% of GDP) 25.2 24.4 36.9 39.2 -  
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  • yota691 changed the title to Will Iraq become the highest Arab country in economic growth?

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