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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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Adviser to the Prime Minister: Unemployment decreased to 14% and an increase in the growth of domest

rocky
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Adviser to the Prime Minister: Unemployment decreased to 14% and an increase in the growth of domest Empty Adviser to the Prime Minister: Unemployment decreased to 14% and an increase in the growth of domest

Post by rocky Thu 14 Oct 2021, 6:50 am

Adviser to the Prime Minister: Unemployment decreased to 14% and an increase in the growth of domestic production

  •  Time: 10/14/2021 08:32:09
     
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{Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that Iraq was able to improve the capabilities of aggregate demand or government spending "without financial hardship."
Saleh said in a press statement, "Iraq has been able to improve the capabilities of aggregate demand or government spending in particular, without financial distress, which is one of the slower and slower economic activity."
He pointed out, "The development of government spending in 2021 (which constitutes 50% of Iraq's GDP) was positively reflected in the degree of GDP growth itself, to touch slightly less than (positive 1%) after the same growth index recorded a negative deterioration in general. 2020 reached more than (minus 9.5).
It sees financial advisor, that these economic indicators demonstrate that "non-performing sectors in the production of the labor market is now in the development of operational best, in terms of actual unemployment fell from nearly 23 percent in 2020 to nearly 14% currently, as well as the relatively low levels of poverty."
Saleh pointed out that "the continued stability of the Iraqi economy in a sustainable manner in the next year, 2022, the aspiration will be towards achieving levels of growth in the gross domestic product, which may exceed the annual population growth level, which currently stands at 2.6%, due to the development of investment."
At the same time, he expected "the level of growth to reach about 4% or more." 
Saleh explained that these positive indicators mean "there is a decrease in unemployment levels and an increase in investment spending, both governmental and private, to enable us to achieve higher levels of economic growth for our country."
The World Bank had announced last week that the gross domestic product in Iraq grew by 0.9% on an annual basis in the first half of 2021.
He noted that the economic growth in Iraq is gradually recovering after a contraction associated with the epidemic in the past year, partly due to the rise in non-oil activity, "expected to" improve the global oil market conditions will promote medium-term growth, and the transfer of public finance balances and external surpluses of In 2021, the recent rise in debt will be reflected."
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