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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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    Economist: Iraq is a recession and unemployment is on the rise

    Rocky
    Rocky
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    Economist: Iraq is a recession and unemployment is on the rise Empty Economist: Iraq is a recession and unemployment is on the rise

    Post by Rocky Mon 12 May 2014, 12:38 pm

    Economist: Iraq is a recession and unemployment is on the rise



    05/12/20140 
     
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    Expected economic expert, to be the current year (2014) was the worst economically influenced on Iraq because of the parliamentary elections and the failure to approve the budget.
    He said economic expert and advisor to former central bank governor the appearance of Mohammed Saleh, said that "the economic situation since the end of last year and for some time to come carries signals (not sure), according to the term economic, that is, the political situation is unstable and no one knows where it's heading, especially with the cessation of foreign and domestic investment in Iraq because of the high frequency of the owners of capital from the impact of the election results and the atmosphere unstable political situation in Iraq. " Saleh added that "the economic crisis with Iraq was the result of a lack of agreement to pass the budget, which is the backbone of the Iraqi economy, which led to the suspension of about 80% of the investment projects because the funding of the budget," adding that "the budget represents 45% of GDP the total. " He pointed out that "the new projects have not been implemented and are not forwarded because of the budget."He said that "if the Iraqi economy is in recession and will remain so until the formation of the new government and the stability of the political situation with the budget approval," describing the current year as "the worst in the history of Iraq's economy and the most negative." He denied during his speech in favor of "the vulnerability of Iraqi dinar exchange rate at the current time to the presence of large reserves to Iraq," stressing that "the dinar will be affected if the situation continues as it is for a long time." 

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