Iraq surprises all Arab countries

by **Rocky** Fri 17 Apr 2020, 2:04 pm

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Iraq surprises all Arab countries

by Rocky Fri 17 Apr 2020, 2:04 pm

Iraq surprises all Arab countries

Time: 04/17 2020 18:47:39
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{International: Al Furat News} The International Monetary Fund expects a sharp contraction in the economy this year, but it is optimistic about the recovery of the world's economies, including Arabia, in 2021.
The fund has lowered its forecast for global economic growth this year in light of the uncertainty associated with the spread of the emerging corona virus in the world.
In April's Global Economic Prospects report, the IMF said that Coved 19 had caused high and high human costs worldwide, and isolation measures were severely affecting economic activity.
"Assuming that the epidemic will fade in the second half of 2020 and that stimulus measures around the world are effective, we expect global growth in 2021 to rise partly to 5.8%," said IMF chief economist Geeta Gopinath.
With regard to the fund's expectations for the Arab region for the year 2021, the data showed that Iraq will top the Arab countries in terms of economic growth, as its economy will rise next year by 7.2%, after falling this year by 4.7%.
Iraq is second only to Algeria, and according to a fund, the Algerian economy will grow in 2021 by 6.2%, after declining in 2020 by 5.2%.
In third place, Qatar will grow by 2021 by 5%, after a contraction in 2020 by 4.3%, and then by Morocco with a growth of 4.8%.
As for Saudi Arabia, it will grow in 2021 by 2.9% to rank in the Arab countries in terms of growth in the tenth position, and it is surprising in the report that Egypt, the only Arab country that is expected to grow in 2020, will rank 11th in the list and grow in 2021 by 2.8%. Ended .. Ammar Al-Masoudi
The following is a table showing the ranking of Arab countries in terms of growth next year:
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