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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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    World Bank: Economic situation in Iraq remains fragile, with a high GDP growth rate

    Rocky
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    World Bank: Economic situation in Iraq remains fragile, with a high GDP growth rate Empty World Bank: Economic situation in Iraq remains fragile, with a high GDP growth rate

    Post by Rocky Tue 28 Jun 2016, 4:32 pm

    World Bank: Economic situation in Iraq remains fragile, with a high GDP growth rate



     28/06/2016 

    Follow-up scales News

    The World Bank, said on Monday that the economic growth of the countries that are experiencing battles, such as Iraq, Syria, Yemen, Libya rates "will not improve soon," While the likely economic situation in Iraq remains "fragile" with the continuing violence and the fighting and the decline in oil prices compared with a rise of military and humanitarian needs costs , the gross domestic product of Iraq will grow by 4.3 percent this year, with the possibility of rising to 5.6 percent next year.

    According to the World Bank in a report that "the economic growth of developing countries fell from 4.9 in 2014 to 4.3 percent in 2015 the past, as a result of weak export capacity and its recession happening in Brazil and Russia, with the exposure of Petroleum Exporting Countries to economic crises because of the falling price," expected to " recovering the growth of the international economy a little during the current year 2016 and to rise by 2.9 percent to rise more over the next two years from 2017 to 2018 to reach 3.1 percent. "

    He added that "economic growth rates in countries where battles, such as Iraq, Syria, Yemen and Libya, will not improve soon unless it solves the stability and peace in which, as well as the impact of falling oil prices on their economies and caused a deficit which," noting that "Iraq is facing a financial deficit rates high, it reached 14.5 percent last year 2015, resulting from the drop in oil prices and the cost of war being waged against al Daash. "

    It suggested the World Bank, to "keep the economic situation in Iraq is fragile, with continuing violence and fighting and falling oil prices compared with a rise of military and humanitarian needs of the costs and the increased incidence of internal displacement and displacement," asserting that "the gross domestic product (GDP) of Iraq's growth rate during the current 2016 will be 4.3% percent, with the possibility of rising to 5.6 percent in 2017 year. "

    It estimated the bank "damage to water, transport, public buildings and municipal services and housing sector in the four cities liberated from al Daash in Iraq, up to 362 to 443 million dollars," following up "The United Nations estimates that there more than eight million and 200 thousand Iraqis in need of humanitarian aid, estimated to cost up to $ 704 million, and that there are nearly three million Iraqi children out of school because of violence and war, and that more than 14 thousand teacher forced to flee the fighting conditions in the country ".anthy 29 / tc n


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