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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 forecasts and estimates for the Iraqi economy during 2018

    Rocky
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    • Post n°1

    World Bank forecasts and estimates for the Iraqi economy during 2018 Empty World Bank forecasts and estimates for the Iraqi economy during 2018

    Post by Rocky Fri 11 May 2018, 2:30 am

    [ltr]World Bank forecasts and estimates for the Iraqi economy during 2018[/ltr]
    [ltr]Economie[/ltr]
     Since 2018-05-10 at 19:52 (Baghdad time)
    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Baghdad - Mawazine News 
    The World Bank published its forecasts and estimates for the Iraqi economy during 2018, where positive indicators overshadowed the scene despite warnings of the fragility of the situation because of the dangers of the Iraqi situation. 
    Population and poverty rates 
    Iraq has a population of 38.5 and a gross domestic product of $ 197.7 billion. The poverty rate in line with the poverty line of $ 3.2 per day is 17.9%. 
    High growth 
    The report predicts a rapid acceleration of the growth of the Iraqi economy thanks to improved security conditions, with 4.4% in the non-oil sector in 2017, despite the slow reconstruction activities due to the consequences of the war and low oil prices, amid hopes to reform the structure of the economy and address the problem of displacement. 
    Needs of Iraq 
    Iraq's needs for reconstruction estimated at 88 billion dollars, but the positive indicators of the situation slightly according to the report, where inflation recorded a low rate in 2017 by 0.1% and the total budget deficit fell to 2.2% last year. 
    Public debt 
    The improvement in financial output helped stabilize the public debt in 2017 following an increase in borrowing and debt guarantees. The debt ratio stabilized compared with GDP in 2016, for example, at 64%. Foreign exchange reserves began to rise in 2017 to cope with external shocks. 
    future prospects 
    The World Bank expects Iraq's growth prospects to improve due to a favorable security environment and gradual recovery of investment for reconstruction amid forecasts of GDP growth despite an OPEC cut-off agreement that obligates Iraq to commit.[/ltr]


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