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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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    Saleh: There is cautious optimism that reveals real GDP projections for 2021

    Rocky
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    reveals - Saleh: There is cautious optimism that reveals real GDP projections for 2021 Empty Saleh: There is cautious optimism that reveals real GDP projections for 2021

    Post by Rocky Wed 24 Feb 2021, 5:47 pm

    Saleh: There is cautious optimism that reveals real GDP projections for 2021

    •  Time: 02/24/2021 18:05:30
       
    •  Read: 5,902 times

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    {Baghdad: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Wednesday, that there is optimism about the recovery of the Iraqi economy accompanied by caution, while revealing the real GDP in 2021 according to expectations.
    Saleh said {for the Euphrates News} that "the Iraqi economy has begun the recovery phase and growth rates will be positive this year, after the contraction of real GDP by an estimated 11% in 2020, and expectations confirm today that Iraq will reach this output to 3% in 2021. ".
    Saleh promised, these indicators are "good ... it stops the deterioration and moves the wheel of the Iraqi economy, works to reduce unemployment and supplies sectors in general, especially since we have two positive events that lie in the improvement of oil revenues and agriculture, especially food security in the issue of grains."
    He added, "Improving agricultural and oil revenues will work to move the Iraqi economy for the next ten years, and get out of the bottleneck for 2020; there is optimism with caution."
    The Corona (Covid-19) pandemic and the sharp decline in oil revenues further exacerbated long-term economic vulnerabilities in Iraq, as real GDP contracted by an estimated 11% in 2020, reflecting the slowdown in non-oil activity and oil production cuts as a result of OPEC decisions. +. According to the International Monetary Fund 
    , the large deficit in public finances and the external current account of 20% and 16% of GDP, respectively, restricted the government's ability to respond effectively in terms of public finances to the crisis.
    In its report, the International Monetary Fund emphasized, there is a need for a comprehensive package of short-term economic policies based on a reliable financial strategy to overcome the health crisis, ensure economic stability, and protect vulnerable groups.
    Wafa Al-Fatlawi

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