[size=35][size=35]International report: Iraq's economy will grow by 3.7% in 2023 and 3.1% next year[/size]
[You must be registered and logged in to see this link.]
[/size]
[You must be registered and logged in to see this link.][/size]
2023-04-12 | 04:42
[You must be registered and logged in to see this image.]
[/size]
204 views
Alsumaria News - Economy
In its quarterly report for the latest forecasts of “Global Economic Outlook – April 2023”, the fund indicated that it raised its expectations for the growth of the Saudi economy (the largest economy in the region) in 2023 to 3.1%, compared to previous expectations of 2.6%, while it will grow by 3.2% next year.
[ltr]
[size=16]
0 seconds of 0 seconds Volume 0%
[/ltr]
In the context, the growth of the Saudi economy is slowing after recording a growth of 8.7% in 2022, while the Fund reduced its expectations for the growth of Egypt's economy in the fiscal year 2023 to 3.7%, from 4% in previous expectations, and next year it reduced it by 0.3% to 5%.
The fund estimated that the UAE economy would grow by 3.5% and 3.9%, respectively, in 2023 and 2024, while Kuwait's economy would grow by 0.9% and 2.7% in the same two years, respectively. The growth of the Sultanate of Oman's economy was estimated at 1.7% and 5.2%, respectively, in 2023 and 2024.
While Qatar's economy is expected to grow by 2.4% in the current year, then 1.8% in 2024, the economy of Qatar will also grow[You must be registered and logged in to see this link.]By 3.7% in 2023, and 3.1% next year.
The economies of the oil-exporting region have benefited from the rise in global oil prices, while other countries that depend on oil imports are suffering, which exacerbates their balance of payments deficit.
*Warning of damage to global economic growth
on the other hand, lowered[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]In the same report, he predicted global growth for 2023 slightly with a slowdown in the rate of interest rate hikes, but he warned that severe financial system disruptions would lead to a reduction in production to levels close to stagnation.
And he mentioned[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]The risks of contagion in the banking system were contained through strong policy measures after the collapse of two US banks and the forced merger of Credit Suisse.
The unrest added to the uncertainty created by rising inflation and the spillover effects of Russia's war in Ukraine.
And he said[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]At the start of the joint spring meetings with the World Bank in Washington: “With the recent increase in financial market volatility, uncertainty surrounding the global economic outlook has increased,” and added: “Uncertainty increases and the balance of risks shifts strongly to a downward trend when the financial sector is unstable.”
He expects[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]Now that global real GDP growth will be 2.8% in 2023, and 3% in 2024, down sharply from 3.4% growth in 2022 as a result of monetary tightening.
The Fund cut its 2023 and 2024 forecasts by 0.1 percentage point from its January estimates, partly due to the weak performance of some major economies, as well as expectations of further monetary tightening to fight persistent inflation.
Outlook has improved[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]For the United States, it decreased slightly, with growth expected to reach 1.6% in 2023, compared to expectations of 1.4% growth in January, in light of the continued strength of the labor market.
However, the fund lowered its forecasts for some major economies, including Germany, whose economy is now expected to contract by 0.1% in 2023, and Japan, which is now expected to grow by 1.3% this year instead of 1.8%, according to January forecasts.
while lifting[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]Its forecast for core inflation for 2023 fell to 5.1%, from 4.5% in January, saying it had not yet peaked in many countries despite lower energy and food prices.
For his part, he said[url=https://www.alsumaria.tv/Entity/798822497/%D8%A8%D9%8A%D9%8A%D8%B1 %D8%A3%D9%88%D9%84%D9%8A%D9%81%D9%8A%D9%8A%D9%87 %D8%AC%D9%88%D8%B1%D9%8A%D9%86%D8%B4%D8%A7/ar/]Pierre Olivier Gorinchas[/url]Chief economist at[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]Reporters: "Our advice is that the focus of monetary policy should remain on reducing inflation." He added, in an interview with Reuters, that central banks should not stop their war against inflation because of financial stability risks that appear to be "largely contained".[/size]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
[/size]
Economy
[size][size][You must be registered and logged in to see this link.][/size]
2023-04-12 | 04:42
[You must be registered and logged in to see this image.]
[/size]
204 views
Alsumaria News - Economy
The International Monetary Fund (IMF) reduced its forecast for the growth of the economies of the Middle East and North Africa by 0.1% in 2023 and 2024 to 3.1% and 3.4%, respectively, compared to expectations from last January, according to a report by the International Fund.
In its quarterly report for the latest forecasts of “Global Economic Outlook – April 2023”, the fund indicated that it raised its expectations for the growth of the Saudi economy (the largest economy in the region) in 2023 to 3.1%, compared to previous expectations of 2.6%, while it will grow by 3.2% next year.
[ltr]
[size=16]
0 seconds of 0 seconds Volume 0%
[/ltr]
In the context, the growth of the Saudi economy is slowing after recording a growth of 8.7% in 2022, while the Fund reduced its expectations for the growth of Egypt's economy in the fiscal year 2023 to 3.7%, from 4% in previous expectations, and next year it reduced it by 0.3% to 5%.
The fund estimated that the UAE economy would grow by 3.5% and 3.9%, respectively, in 2023 and 2024, while Kuwait's economy would grow by 0.9% and 2.7% in the same two years, respectively. The growth of the Sultanate of Oman's economy was estimated at 1.7% and 5.2%, respectively, in 2023 and 2024.
While Qatar's economy is expected to grow by 2.4% in the current year, then 1.8% in 2024, the economy of Qatar will also grow[You must be registered and logged in to see this link.]By 3.7% in 2023, and 3.1% next year.
The economies of the oil-exporting region have benefited from the rise in global oil prices, while other countries that depend on oil imports are suffering, which exacerbates their balance of payments deficit.
*Warning of damage to global economic growth
on the other hand, lowered[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]In the same report, he predicted global growth for 2023 slightly with a slowdown in the rate of interest rate hikes, but he warned that severe financial system disruptions would lead to a reduction in production to levels close to stagnation.
And he mentioned[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]The risks of contagion in the banking system were contained through strong policy measures after the collapse of two US banks and the forced merger of Credit Suisse.
The unrest added to the uncertainty created by rising inflation and the spillover effects of Russia's war in Ukraine.
And he said[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]At the start of the joint spring meetings with the World Bank in Washington: “With the recent increase in financial market volatility, uncertainty surrounding the global economic outlook has increased,” and added: “Uncertainty increases and the balance of risks shifts strongly to a downward trend when the financial sector is unstable.”
He expects[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]Now that global real GDP growth will be 2.8% in 2023, and 3% in 2024, down sharply from 3.4% growth in 2022 as a result of monetary tightening.
The Fund cut its 2023 and 2024 forecasts by 0.1 percentage point from its January estimates, partly due to the weak performance of some major economies, as well as expectations of further monetary tightening to fight persistent inflation.
Outlook has improved[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]For the United States, it decreased slightly, with growth expected to reach 1.6% in 2023, compared to expectations of 1.4% growth in January, in light of the continued strength of the labor market.
However, the fund lowered its forecasts for some major economies, including Germany, whose economy is now expected to contract by 0.1% in 2023, and Japan, which is now expected to grow by 1.3% this year instead of 1.8%, according to January forecasts.
while lifting[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]Its forecast for core inflation for 2023 fell to 5.1%, from 4.5% in January, saying it had not yet peaked in many countries despite lower energy and food prices.
For his part, he said[url=https://www.alsumaria.tv/Entity/798822497/%D8%A8%D9%8A%D9%8A%D8%B1 %D8%A3%D9%88%D9%84%D9%8A%D9%81%D9%8A%D9%8A%D9%87 %D8%AC%D9%88%D8%B1%D9%8A%D9%86%D8%B4%D8%A7/ar/]Pierre Olivier Gorinchas[/url]Chief economist at[url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url]Reporters: "Our advice is that the focus of monetary policy should remain on reducing inflation." He added, in an interview with Reuters, that central banks should not stop their war against inflation because of financial stability risks that appear to be "largely contained".[/size]
[You must be registered and logged in to see this link.]
Today at 8:06 am by Rocky
» A deputy in finance expects the Council of Ministers to approve the budget schedules in today’s sess
Today at 8:02 am by Rocky
» A deputy resolves the controversy over the “transfer supplement” in two ministries
Today at 8:01 am by Rocky
» Al-Halbousi’s “vacant” seat.. Will the coordination framework end the “Taqaddum” dream of an allianc
Today at 7:59 am by Rocky
» The Federal Government issues a state order to stop the Commission’s work procedures regarding the K
Today at 7:57 am by Rocky
» Including the freedom to choose the bank and withdraw the salary for “free”... “My Account” features
Today at 7:55 am by Rocky
» The Central Bank sells more than $250 million during its daily auction
Today at 7:51 am by Rocky
» Al-Sudani receives a delegation from the Union of Arab Banks
Today at 7:44 am by Rocky
» Iraq and the United States of America hold trade meetings in Washington
Today at 7:43 am by Rocky
» In pictures... The activities of the Union of Arab Banks conference in Baghdad, “Day Two”
Today at 7:42 am by Rocky
» The Director General of Ports announces the completion of berths (3) and (4) in Al-Faw Grand Port
Today at 7:40 am by Rocky
» The Council of Ministers holds its regular session headed by Al-Sudani
Today at 7:38 am by Rocky
» Parliament publishes the agenda of its session for next Thursday
Today at 7:37 am by Rocky
» A government measure to reduce "money laundering" using the buying and selling of real estate in Ira
Today at 7:35 am by Rocky
» Iraq proposes establishing a specialized council to combat corruption in Arab countries
Today at 7:32 am by Rocky
» Al-Mawarid intends to establish infrastructure and investment projects for the water sector in Iraq
Today at 7:30 am by Rocky
» The Federal Court issues a decision regarding postponing the election of the Speaker of the House of
Today at 7:28 am by Rocky
» utube 5/4/24 MM&C Iraq Dinar- IQD Update - No Float of Exchange Rate - Budget -2024 - Schedules -
Today at 5:18 am by Rocky
» utube MM&C 5/7/24 Iraq Dinar- IQD Update - Regional Trade - A Progession of Reforms - A Global Bac
Today at 5:17 am by Rocky
» A government meeting to discuss financing and implementation mechanisms for the Development Road Pro
Today at 5:12 am by Rocky
» Al-Sudani: Iraqi banks are on the right track with financial transfers
Today at 5:11 am by Rocky
» Al-Khazali: The Turkish side is still imposing its conditions on Iraq
Today at 5:08 am by Rocky
» Rights: We refuse to amend the bylaws of Parliament under political influence and desires
Today at 5:07 am by Rocky
» Nechirvan Barzani: We want to address all problems with Iran and begin a new phase of relations
Today at 5:05 am by Rocky
» Today, Iraq and Iran signed the minutes of a joint meeting related to trade
Today at 5:03 am by Rocky
» KPMG International begins auditing the revenues of telephone companies operating in Iraq
Today at 5:02 am by Rocky
» Oil: The seventh batch of equipment for the gas manufacturing project in the Nasiriyah and Gharraf f
Today at 5:01 am by Rocky
» Al-Sudani assures the French ambassador of Iraq’s openness to “fruitful” partnerships
Today at 5:00 am by Rocky
» Government move to install gold screening devices at 4 airports
Today at 4:59 am by Rocky
» Sudanese Advisor: The oil sector is witnessing a rapid renaissance
Today at 4:58 am by Rocky
» Opening offices specialized in employing people with disabilities
Today at 4:57 am by Rocky
» Infrastructure and investment projects for the water sector in Iraq
Today at 4:56 am by Rocky
» Adopting the electronic system in the next census
Today at 4:55 am by Rocky
» Al-Sudani chairs the first meeting to restructure the government apparatus
Today at 4:54 am by Rocky
» Business Council: Efforts to open a branch of the Chinese Bank in Iraq
Today at 4:53 am by Rocky
» Iraqi diplomacy is balanced openness
Today at 4:52 am by Rocky
» The head of the Integrity Commission told Al-Sabah: We are the people’s eyes on the government and s
Today at 4:51 am by Rocky
» Baghdad Provincial Council: The capital is facing a new urban and service phase
Today at 4:49 am by Rocky
» Customs, security and economic aspects
Today at 4:48 am by Rocky
» Central Governor: We face “increasing challenges” in complying with international laws
Today at 4:48 am by Rocky
» Payment of end-of-service benefits to employees referred to retirement for the month of May
Today at 4:46 am by Rocky
» Billions “evaporated”.. What is the truth about closing the “theft of the century” file in Diyala?
Today at 4:45 am by Rocky
» The Minister of Labor approves the extinguishment of debts owed by transgressors from the families o
Today at 4:43 am by Rocky
» How did Washington comment on Nechirvan Barzani's visit to Tehran?
Today at 4:42 am by Rocky
» The honeymoon is over and the salary crisis continues. Baghdad and Erbil exchange accusations, but s
Today at 4:41 am by Rocky
» Why has Iraq not submitted a file to stop burning gas over the past years?
Today at 4:39 am by Rocky
» A slight increase in the exchange rate...more than 146 thousand per 100 dollars
Today at 4:38 am by Rocky
» Do Iraq's debts pose a threat to the economy? Parliament answers
Today at 4:37 am by Rocky
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
Today at 4:36 am by Rocky
» President Masoud Barzani meets an Iraqi parliamentary delegation
Today at 4:34 am by Rocky
» Parliamentary criticism of the government’s delay in sending the budget schedules despite the approa
Today at 4:33 am by Rocky
» A report reveals the existence of an undeclared “Iraqi-British” agreement regarding asylum seekers
Today at 4:32 am by Rocky
» Alternative energy... advanced stages of the largest solar energy station in Iraq
Today at 4:31 am by Rocky
» Its delay raised concerns... it is likely that the 2024 budget schedules will be approved today
Today at 4:30 am by Rocky
» The industry reveals the reasons why Russian companies stopped reconstructing 7 factories in Anbar
Today at 4:29 am by Rocky
» Billions evaporated.. What is the truth about closing the theft of the century file in Diyala?
Today at 4:28 am by Rocky
» Nouri Al-Maliki to the Saudi Ambassador: Iraq is open to all countries of the world
Today at 4:26 am by Rocky
» An Iraqi generation that “does not fear” America and Iran.. Nadim Al-Jabri explains his expectations
Today at 4:25 am by Rocky
» After 9 years.. the third session of the Trade and Investment Framework Agreement between Iraq and A
Today at 4:22 am by Rocky
» “These are our goals.” The Turkish President talks about his visit to Iraq last month
Today at 4:21 am by Rocky
» Romanowski: The Iraqi judiciary is independent and the Federal Court seeks to consolidate democracy
Today at 4:19 am by Rocky
» Deputy: The presidency of Parliament will remain vacant until the end of the current session
Today at 4:17 am by Rocky
» Political: The Iraqi economy is threatened by American hegemony because of the coordination administ
Today at 4:16 am by Rocky
» Politician: Salem Al-Issawi will not become Speaker of Parliament
Today at 4:15 am by Rocky
» Planning reveals the mechanism for examining gold in local markets
Today at 4:14 am by Rocky
» Including railway connectivity and water shares... Iraq and Iran are discussing a number of common i
Today at 4:12 am by Rocky
» Oil is preparing to export gas oil after achieving self-sufficiency
Today at 4:11 am by Rocky
» Trade is preparing to hold a number of specialized exhibitions in Baghdad and the provinces
Today at 4:09 am by Rocky
» Erdogan: Our goal is to raise the volume of trade with Iraq to more than 20 billion dollars
Today at 4:08 am by Rocky
» Al-Sudani confirms Iraq's openness to fruitful partnerships with French companies
Today at 4:07 am by Rocky
» Determining the launch date for the activities of the 48th session of the Baghdad International Fair
Today at 4:06 am by Rocky
» Al-Sudani receives a delegation from the Union of Arab Banks
Today at 4:05 am by Rocky
» utube 5/3/24 MM&C Iraq Dinar Update - Expectation - Implementation - Activation - New Exchange Rat
Yesterday at 7:30 am by Rocky
» “Services” asks the Central Bank about billions of foreign banks in Iraq
Yesterday at 7:27 am by Rocky
» Central Bank: Iraqi banks still face challenges in complying with international laws and standards
Yesterday at 7:24 am by Rocky
» Parliamentary bloc: The Central Bank offers hard currency to “mafias” on a golden platter.. The Suda
Yesterday at 7:20 am by Rocky
» The Iraqi Central Auction witnesses a rise in foreign remittances to $267 million
Yesterday at 7:19 am by Rocky
» Wednesday.. The session to elect the President of the Iraqi Parliament is heading towards “Al-Issawi
Yesterday at 7:14 am by Rocky
» The Union of Arab Banks proposes 4 “important” points for Iraqi banks to meet compliance standards
Yesterday at 7:12 am by Rocky
» In the document... the Central Bank decides to return the “Al-Mal” Bank to work... in this case
Yesterday at 7:08 am by Rocky
» The Iraqi-American agreements and cooperation were the most prominent topics of Al-Araji and Romanow
Yesterday at 7:06 am by Rocky
» Al-Hakim meets a joint delegation of resolve and sovereignty and renews the call to hold a session t
Yesterday at 7:05 am by Rocky
» Nearly one billion dinars were recovered and 3 million liters of fuel intended for smuggling in Iraq
Yesterday at 7:03 am by Rocky
» Al-Sudani and the European Union ambassador discuss issues of economic partnerships, civil aviation,
Yesterday at 6:59 am by Rocky
» More than 950 million dinars... petroleum products announced their recovery
Yesterday at 6:57 am by Rocky
» Forming a committee to follow up on stopping the sale of the dollar to travelers
Yesterday at 6:54 am by Rocky
» The Minister of Justice visits Al-Muthanna Governorate to discuss mechanisms for developing judicial
Yesterday at 6:52 am by Rocky
» Agriculture: Farmers who were affected by the recent rains will be compensated
Yesterday at 6:51 am by Rocky
» Al-Rasheed issues a warning regarding applying for advances and loans
Yesterday at 6:49 am by Rocky
» Al-Rafidain announces the implementation of the comprehensive banking system in its main branch
Yesterday at 5:24 am by Rocky
» Al-Rasheed warns of offices and pages claiming to promote the Salaf
Yesterday at 5:22 am by Rocky
» Adviser to the Prime Minister: There are no conflicts in the route of the Baghdad Metro
Yesterday at 5:19 am by Rocky
» Al-Sudani: We are keen to develop the work of the TBI Bank and address the problems it faces
Yesterday at 5:18 am by Rocky
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
Yesterday at 5:17 am by Rocky
» “The shocks have changed.” The Governor of the Central Bank explains the impact of the openness of I
Yesterday at 5:16 am by Rocky
» The President of the Association of Private Banks sends an “important” invitation to the Central Ban
Yesterday at 5:15 am by Rocky
» Al-Alaq: The Iraqi banking sector has witnessed significant qualitative developments in response to
Yesterday at 5:12 am by Rocky
» On behalf of Al-Sudani, the Minister of Planning sponsors the signing ceremony of a memorandum of un
Yesterday at 5:11 am by Rocky
» The Iraqi Travel Companies Association participates in the Arab Travel Market Exhibition
Yesterday at 5:10 am by Rocky