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[size=38]The Recession Paralyzes The Second Most Important Market In Diyala And Pushes Unemployment To Rates That Are The Highest After 2003
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LAST UPDATE 02/05/2022 | 2:34 PM
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Information / Diyala..
A former government official confirmed, on Saturday, that the recession has paralyzed the second most important market in Diyala and pushed unemployment to the highest rates after 2003.
The former head of the Muqdadiya District Council (40 km northeast of Baquba) Adnan Al-Tamimi said in a statement to / Information /, that “The repercussions of raising the dollar and decreasing the value of the Iraqi dinar began to paralyze the markets and push them into recession,” noting that “Al-Muqdadiya markets, which is the second most important economic activity in Diyala after Baquba, is witnessing an unprecedented decline in daily transactions due to the outrageous high prices and the inability of large segments to adapt to the current conditions. “.
Al-Tamimi added, "Al-Kazemi's government is bearing the weight of the current economic crisis, which has led to a rise in unemployment rates from 30% to 40%, which is the highest after 2003."
He pointed out that “the markets are in a deplorable situation, and maintaining the current economic approach without any changes will lead to dire consequences, especially since extreme poverty has turned into a phenomenon in areas that have suffered from terrorism and its repeated scourge, whether in Muqdadiya or elsewhere, which calls for attention to the seriousness of what is happening.”
Al-Tamimi added, "The bulk of the merchants' torrents are debts owed to thousands of poor and simple people who have been unable to pay monthly installments due to the difficult economic conditions." finished/ 25 f
A former government official confirmed, on Saturday, that the recession has paralyzed the second most important market in Diyala and pushed unemployment to the highest rates after 2003.
The former head of the Muqdadiya District Council (40 km northeast of Baquba) Adnan Al-Tamimi said in a statement to / Information /, that “The repercussions of raising the dollar and decreasing the value of the Iraqi dinar began to paralyze the markets and push them into recession,” noting that “Al-Muqdadiya markets, which is the second most important economic activity in Diyala after Baquba, is witnessing an unprecedented decline in daily transactions due to the outrageous high prices and the inability of large segments to adapt to the current conditions. “.
Al-Tamimi added, "Al-Kazemi's government is bearing the weight of the current economic crisis, which has led to a rise in unemployment rates from 30% to 40%, which is the highest after 2003."
He pointed out that “the markets are in a deplorable situation, and maintaining the current economic approach without any changes will lead to dire consequences, especially since extreme poverty has turned into a phenomenon in areas that have suffered from terrorism and its repeated scourge, whether in Muqdadiya or elsewhere, which calls for attention to the seriousness of what is happening.”
Al-Tamimi added, "The bulk of the merchants' torrents are debts owed to thousands of poor and simple people who have been unable to pay monthly installments due to the difficult economic conditions." finished/ 25 f
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