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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

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Established in 2006 as a Community of Reality

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The World Bank is likely to shrink the Iraqi economy by 3% this year

Rocky: Admin Assist; Posts : 269035
Join date : 2012-12-21

Post n°1

The World Bank is likely to shrink the Iraqi economy by 3% this year

by Rocky Tue 18 Apr 2017, 4:00 am

The World Bank is likely to shrink the Iraqi economy by 3% this year

Date: 23:00 17/04/2017
The longest ship in IraqInformation / Baghdad ...

He favored the World Bank, on Monday, a contraction in the Iraqi economy as a result of reducing its oil production up to 180 thousand barrels per day, stressing that it is expected that oil production and exports back to levels in 2016 during 2018 and 2019.

He said the World Bank had seen him / information / that "GDP will shrink by 3% in 2017 due to an expected drop of 6% in oil production as a result of the agreement of OPEC members in November 2016 cut output by 1.2 million barrels per day," he "the decline in oil production could lead to a decline in volume of exports by 5% in 2017".

He added that "it is expected that oil production and exports back to levels in 2016 during 2018 and 2019," stressing that "it is expected to reach the Iraqi oil export prices on average 47.4 in the current year." Finished / 25 d

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