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[size=36]Al-Kazemi’s advisor: Repetition of the scenario of global economic closure is out of the question[/size]
Economie| 08:34 - 29/11/2021
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Today, Monday, Mawazine News , the financial advisor to the Prime Minister, Mazhar Saleh, presented his expectations regarding the conditions of the oil market and the economy of Iraq with the emergence of the new Corona mutator and fears of returning to general closure in most countries of the world and stopping travel movement, while he suggested not to return to a comprehensive economic closure as happened in In 2020, he indicated that oil prices will go towards stability.
Saleh said, "The white paper is a medium-term reform approach and at the same time an expression of the state's policy in facing the problems of our rentier economy, which despite the state of optimism in oil prices, is still subject to the risks of fluctuations in the energy market in the world and the surprises that may occur."
He added, "Despite that, I do not think that the world will witness a complete economic shutdown and coexist with serious recessions similar to what happened in 2020, as the global economy will provide better movement and activity mechanics than last year, and during 2022 we expect to conduct economic activity at the level of countries in the world." ".
He pointed out that "there may be very legitimate global warning concerns to prevent the corona pandemic and hedge its effects, but perhaps these precautions may hide some strategies of oil-consuming countries to reduce the excess demand for energy resources, including crude oil, as an aid to confront the escalation of prices, which is a tactical matter that may He succeeds in slowing the pace of the increase in oil prices in order to stabilize them within the equilibrium of the energy market without the expected price increases.
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