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[size=36]A deputy warns of a major economic collapse in 6 months[/size]
Economy | 08:45 - 04/03/2020
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Baghdad - Mawazine News, a
member of the House of Representatives, Amer Al-Fayez, warned, on Wednesday, of a major economic collapse that Iraq may witness in the event of a crisis of the Corona virus lasts 6 months or more.
Al-Fayez said, "The market movement seems affected by the decisions and measures of the precautionary government from Corona, especially the consumer movement in the local market as a result of the closure of many border crossings with Iran."
He added, "The domestic market depends on imports, in excess of $ 50 billion annually from several countries, and that the current crisis may lead to a scarcity of imported goods," stressing that "if this situation continues for six months or more, we may experience a major collapse in the economy." Iraqi. "Ended 6/29 n
member of the House of Representatives, Amer Al-Fayez, warned, on Wednesday, of a major economic collapse that Iraq may witness in the event of a crisis of the Corona virus lasts 6 months or more.
Al-Fayez said, "The market movement seems affected by the decisions and measures of the precautionary government from Corona, especially the consumer movement in the local market as a result of the closure of many border crossings with Iran."
He added, "The domestic market depends on imports, in excess of $ 50 billion annually from several countries, and that the current crisis may lead to a scarcity of imported goods," stressing that "if this situation continues for six months or more, we may experience a major collapse in the economy." Iraqi. "Ended 6/29 n
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