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World Bank warns of deflation in the Iraqi economy - APRIL 18, 2017
- APRIL 18, 2017
Baghdad-Eastern April 18: The World Bank warned of a contraction in the Iraqi economy following the reduction of its oil production up to 180 thousand barrels per day, the World Bank said in a statement that the gross domestic product 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 of last year, stressing that the decline in oil production could lead to a decline in volume of exports by 5% in 2017 ,, and predicted the World Bank that oil production and exports back to levels during 2018 and 2019 ,, while noting that It is expected to reach the Iraqi oil export prices on average 47.4 in prese Mine.
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- APRIL 18, 2017
Baghdad-Eastern April 18: The World Bank warned of a contraction in the Iraqi economy following the reduction of its oil production up to 180 thousand barrels per day, the World Bank said in a statement that the gross domestic product 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 of last year, stressing that the decline in oil production could lead to a decline in volume of exports by 5% in 2017 ,, and predicted the World Bank that oil production and exports back to levels during 2018 and 2019 ,, while noting that It is expected to reach the Iraqi oil export prices on average 47.4 in prese Mine.
[You must be registered and logged in to see this link.]
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