An economist warns of the collapse of the private sector and calls for its rescue

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An economist warns of the collapse of the private sector and calls for its rescue

 https://www.alsumaria.tv/news/اقتصاد/349198/خبير-اقتصادي-يحذر-من-أنهيار-القطاع-الخاص-ويدعو-لإن

2020-06-21 | 05:23

 

On Sunday, a member of the Iraqi Economic Council, Ghadeer Al-Attar, warned of the danger of the rapid collapse of the private sector, calling on the Iraqi government to seriously contribute to supporting the vital sector and its rapid rescue.

 

Al-Attar said in a statement that Alsumaria News received a copy of it, "The Iraqi private sector companies are currently suffering from suffocating crises due to the Corona pandemic that struck all the joints of those companies, which caused great financial losses as well as psychological anxiety and fear among the employees of these companies and their managers because of the spread of the epidemic." .

 

 

Al-Attar pointed out that "the need for the Iraqi government to adopt a new policy to support private sector companies in financial financing, as happened in the countries of France, Britain, Germany, the Emirates and Qatar, in order to rebuild itself, as these companies are an effective and essential contributor to the Iraqi economy, in addition to that they also contribute directly to absorbing unemployment. Because of their record employment rates. "

 

Al-Attar indicated that "private sector companies, including car trading, tourism, contracting, construction, and other companies, have proven successful experience and growing ability in cooperation with the public and mixed sectors, and after 2003 and until the present day, the private sector was the strongest present within the national economy.

Edited June 21, 2020 by 6ly410