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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq ranks behind in economic growth in 2024.. What is the explanation for its coming behind “poor”

    Rocky
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    Iraq ranks behind in economic growth in 2024.. What is the explanation for its coming behind “poor” Empty Iraq ranks behind in economic growth in 2024.. What is the explanation for its coming behind “poor”

    Post by Rocky Mon 22 Jan 2024, 4:25 am

    [size=35][size=35]Iraq ranks behind in economic growth in 2024.. What is the explanation for its coming behind “poor” countries?[/size][/size]
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    Economy

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    01-22-2024 | 02:45
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    Al-Sumaria News - Economy

    It is expected that Iraq will be ranked at the bottom in terms of annual economic growth for the year 2024, as it ranked 121st globally and 12th in the Arab world in terms of economic growth for the new year.


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    SeaWorld magazine says that a recent report indicates that global economic growth will slow to 2.4% in 2024 from 2.6% in 2023, and the decline in development can be attributed to strict monetary policies, weak international trade, and fragile financial conditions.



    The short-term economic outlook presents a mixed outlook, with major economies slowing while emerging markets and developing economies show signs of improvement.

    According to the magazine’s classification, which Al-Sumaria News reviewed, Iraq ranked 121 out of 189 countries in terms of expected economic growth for the year 2024, with a gross domestic product of more than 297 billion dollars, with a per capita share of more than 5 thousand and 880 dollars of gross domestic product, and with a development index. Humanity is 0.767.

    Switzerland, Norway, and Iceland topped the list as the most developed countries in 2024.

    As for the Arab countries, the Emirates came in first place, followed by Bahrain, Saudi Arabia, Qatar, Oman, Algeria, Egypt, Tunisia, Jordan, Palestine, Lebanon, and then Iraq in 12th place among the Arabs.

    Perhaps it is surprising that Iraq comes after Palestine, Lebanon, or Jordan, but it is worth noting that the growth classification indicates the extent of progress that will be achieved in 2024 compared to 2023 economically, and it is known that Iraq’s economy depends entirely on oil, and since oil prices will not change much. Between 2023 and 2024, therefore, there will not be a significant change in the growth rate of Iraq’s economy, but it is also expected to decline slightly due to the expected decline in Iraqi oil exports as a result of the reduction in its production due to the voluntary reduction, as well as the cessation of Kurdistan’s exports, according to an analysis of the economic section in the Al-Sumaria newsroom.

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