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Another expectation of international criticism about the economy of Iraq

rocky
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Another expectation of international criticism about the economy of Iraq Empty Another expectation of international criticism about the economy of Iraq

Post by rocky on Wed 16 Oct 2019, 7:15 am

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Another expectation of international criticism about the economy of Iraq

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[rtl]Release date:: 2019/10/16 11:04 • 323 times read[/rtl]
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The International Monetary Fund raised the growth expectations for Iraq, while reducing them to Saudi Arabia, Iran, Qatar and Kuwait.
"Growth in Iraq, the region's second-largest oil exporter after Saudi Arabia, is expected to rise after its economy contracted by 0.6% last year," the IMF said in its new report, Prospects for the Global Economy.
The IMF lowered its growth forecast for Saudi Arabia and Iran, the two largest economies in the Middle East, on the back of US sanctions, regional tensions and falling oil prices.
The IMF said Iran's economy is expected to shrink this year by 9.5% amid stifling US sanctions, while growth forecasts for Saudi Arabia slipped to 0.2% from a previous forecast of 1.6 in April and 1.9 in July.
Nonetheless, the IMF said Saudi Arabia's economic growth next year is likely to reach a threshold of 2.2 percent, amid expectations that continued reforms in the kingdom will help its non-oil sector gain strength in 2020.



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Another expectation of international criticism about the economy of Iraq Empty The International Monetary Fund raises the growth forecast for Iraq and reduces it to Saudi Arabia a

Post by rocky on Wed 16 Oct 2019, 8:16 am

The International Monetary Fund raises the growth forecast for Iraq and reduces it to Saudi Arabia and Iran
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Economie


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2019-10-16 | 03:19
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The International Monetary Fund (IMF) raised the growth forecast for Iraq, while reducing it to Saudi Arabia, Iran, Qatar and Kuwait.



Growth in [You must be registered and logged in to see this link.]  , the region's second-largest oil exporter after [You must be registered and logged in to see this link.]  , is expected to pick up after its economy contracted by 0.6 percent last year, the IMF said in its new World Economic Outlook .

The IMF lowered its growth forecast for [You must be registered and logged in to see this link.]  and [You must be registered and logged in to see this link.]  , the two largest economies in the Middle East, on the back of US sanctions, regional tensions and falling oil prices.







The fund said it is expected that the "economy shrinks [You must be registered and logged in to see this link.]  this year by 9.5% in the US under crippling sanctions, while growth expectations fell in [You must be registered and logged in to see this link.]  to 0.2%, down from a previous forecast at 1.6 in April and 1.9 in July."

Nonetheless, the IMF said Saudi Arabia's economic growth next year is likely to reach a threshold of 2.2%, amid ongoing reforms in the kingdom that will help its non-oil sector gain strength in 2020.




Growth in [You must be registered and logged in to see this link.]  , [You must be registered and logged in to see this link.]  and Oman also fell , and for the UAE, the region's most diversified economy, growth fell to 1.6% from 2.8% in April, on the back of lower oil prices and an economic slowdown in Dubai.


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