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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Unemployment in Iraq is 40% and the recession gripped the economy

    Rocky
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    • Post n°1

    Unemployment in Iraq is 40% and the recession gripped the economy Empty Unemployment in Iraq is 40% and the recession gripped the economy

    Post by Rocky Thu 11 Feb 2016, 6:36 am

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    Unemployment in Iraq is 40% and the recession gripped the economy


     translation: Range * 

    Iraq's economy is in shambles; The fall in oil prices, depriving the country of revenue that is desperately needed, and the costs of the war continuing to rise, and there are hundreds of thousands of displaced people. 
    All of this leads to increased unemployment and poverty rates. At the end of last month, a parliamentary committee said that the unemployment rate reached a new level, where the Commission announced that unemployment could reach 40 percent and blamed the economic crisis on declining oil revenues and the war with Daash; Many of the unemployed are the displaced people of Nineveh, Salahuddin and Anbar who have been affected more than others as a result of the fighting. 
    and Iraq is one of the world's countries that rely largely on oil, since nearly 90% of its funds come from the sale of oil, and go mostly to the government sector, which is the biggest employer in the country. Now the proceeds of the country by 45% decreased and he must pay the costs of the war and its effects. 
    The increased ailing Iraqi economy news during the last two years, in March 2014 showed signs that the country is heading towards recession, the markets are real estate and cars were moving too slowly and projects disrupted due to pass the budget and was unemployment rates are compounded. In September, unemployment 25% rate was double what it was in the previous year. 
    At the beginning of 2015 the Ministry of Planning announced the national survey results which showed that the unemployment rate was 31% or more than 22% for 2014. The 
    blame for this increase to the large number of unemployed for work, and displacement caused by the occupation of collective Daash of the conductor, and the financial crisis worsening. These problems scattered throughout the country, in December 2015 said the investment in the Kurdistan region of an unemployment rate of 20-25%, which was denied by the Kurdish authorities. 
    The continued escalation of the unemployment rate is not a surprise, the economy is facing a double problem of falling oil prices on the one hand and increased costs on the other hand, puts the country in a quandary because the public sector is the dominant private sector is relatively small and can not provide a safety net in this time of crisis. 
    Worst of all, the reluctant political class to implement any serious reforms because they are accustomed to the status quo and the benefits that accrue from it. Currently it seems that Baghdad bow down before the storm waiting for the recovery of the oil market, and at the same time, the unemployment situation will continue to deteriorate and poverty. 
    * About: ideas for Iraq
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