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[size=36]Al-Kazemi's advisor: The growth rate expected to be achieved during the current year is unprecedented[/size]
Economie| 11:39 - 09/19/2022
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Baghdad - Mawazine News
, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, described, on Monday, the rate of growth expected to be achieved during the current year as "unprecedented", expecting the rates to continue to increase during the next year.
Saleh said in a statement to the official newspaper and followed by / Mawazine News /, that "the World Bank estimated that the growth rates in Iraq's gross domestic product would reach 9 percent during 2022, according to a report it launched during the current year."
Salih considered, "the expected unprecedented growth rate in Iraq," attributing the reasons for achieving it to "the increase in the quantities produced of oil and their reaching broader production capacities after removing the restrictions imposed by the (OPEC +) agreement in the year 2020, which provides for reducing the quantities of oil produced by about an increase One million barrels to remove the glut in the oil market during the Corona crisis.
He explained, "Economic growth in Iraq decreased to (minus 11) percent during the Corona pandemic, after the sectors of the economy stopped working for about six months," adding that "the operation of the economic sectors made the economic cycle of Iraq reach its peak, according to World Bank estimates. , as reinforced by the high growth figure in GDP.
Salih expected that "the estimates of growth during the year 2023 range between 5-4%, a percentage that we find reasonable after the stability of the economic cycle, especially since the growth rate exceeds the growth rate of the population in all cases, which should be reflected on the relative economic well-being." Ended 29/N33
, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, described, on Monday, the rate of growth expected to be achieved during the current year as "unprecedented", expecting the rates to continue to increase during the next year.
Saleh said in a statement to the official newspaper and followed by / Mawazine News /, that "the World Bank estimated that the growth rates in Iraq's gross domestic product would reach 9 percent during 2022, according to a report it launched during the current year."
Salih considered, "the expected unprecedented growth rate in Iraq," attributing the reasons for achieving it to "the increase in the quantities produced of oil and their reaching broader production capacities after removing the restrictions imposed by the (OPEC +) agreement in the year 2020, which provides for reducing the quantities of oil produced by about an increase One million barrels to remove the glut in the oil market during the Corona crisis.
He explained, "Economic growth in Iraq decreased to (minus 11) percent during the Corona pandemic, after the sectors of the economy stopped working for about six months," adding that "the operation of the economic sectors made the economic cycle of Iraq reach its peak, according to World Bank estimates. , as reinforced by the high growth figure in GDP.
Salih expected that "the estimates of growth during the year 2023 range between 5-4%, a percentage that we find reasonable after the stability of the economic cycle, especially since the growth rate exceeds the growth rate of the population in all cases, which should be reflected on the relative economic well-being." Ended 29/N33
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