Setbacks Could Have A Impacts On RV/RI Timing.

Luigi1 · April 25, 2020

BREAKING...Iraq economic growth downgraded due to falling oil prices. Interim PM rejected by Iran backed Shiite Groups.

Treat as rumors. Not varafied. Your opine.

ECONOMY NEWS GLOBAL: World Bank: Iraq’s economy will shrink by 7.5% in 2020.

Experts predicted Standard Chartered Bank, on Saturday, that the Iraqi economy faces a CONTRACTION in gross domestic product for 2020 by -7.5 %, as a result of signing the agreement (OPEC +) and the CV pandemic that hit the country. The British bank, which belongs to the London-based multinational banking and financial services company, had previously forecast a 2.1 % growth in Iraq. The British Bank builds its forecasts for the Iraqi economy based on its oil exports, local currency exchange rates against the dollar and non-oil imports. In a study on the economy after the Corona pandemic, the bank said, “We now expect Iraq’s GDP to SHRINK by -7.5 % in 2020 against our previous growth forecast of 2.1 %.”

IKH NEWS: Shiite blocs give Al-Kazemi 48 hours to change some candidates in his cabinet.

The MP revealed the State of Law bloc, Kata Najman Al-Rikabi, that the Prime Minister-designate Mustafa Al-Kazemi approved the demands of the Shiite blocs to change the names of candidates of some ministries, most notably youth and foreign affairs. Deputy al-Rikabi told the Iraqi newspaper “Al-Sabah” in its issue issued today, Saturday, that “some of the names mentioned in the proposed government formation presented by the Prime Minister-designate were subject to OBJECTION BY SHIITE BLOCS, which gave Al-Kazemi 48 hours to respond to the objections.” Al-Rikabi pointed out that “the Shiite blocs asked to change some of the candidates for the ministries, which are still disputed until now, expecting to vote on 15 candidates for the ministries in the parliament session likely to be held this week after overcoming the differences.” Al-Kazemi continues his consultations with political forces and blocs, to overcome differences over the sharing of ministerial portfolios.