Planning: Iraq's economic growth is affected by political and security stability
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Ministry spokesman Abdul-Zahra Al-Hindawi said in an interview with Shafaq News that "growth is affected by multiple circumstances, including the increase in the volume of revenues and political and security stability," noting that "this stability would encourage investment operations in the country and the implementation of projects."
He added that "the implementation of these projects, there will be financial revenues that cover or meet the requirements for the implementation of investment projects," noting that "the more the number of implemented projects and the progress in the rates of implementation and completion will certainly reflect on the rate of economic growth and the higher the ratio."
Al-Hindawi pointed out that "Iraq has reached, earlier in the past years, a growth in the gross domestic product between 7 to 8%."
The International Monetary Fund expected significant growth in the Iraqi economy to reach 10.5 percent in 2022, compared to 3.6 percent in 2021 and 15.7 percent in 2020, and also expected a decrease in the inflation rate to 4.5 percent.
Iraq is experiencing political tensions resulting from the rejection of the results of the early parliamentary elections that took place on October 10, by political forces and influential Shiite factions, which raises fears of violence in the country.
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