An economist told NINA: The World Bank's expectations for the Iraqi economy are unrealistic and pessimistic..and it will reach 6% in 2023
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Twigg said in a statement to the National Iraqi News Agency / NINA / that "the pessimistic expectations of the World Bank for the years 2023 and 2024 may be unrealistic, indicating that, growth in the Iraqi economy is fast and strong and has exceeded 9% in 2022, as a result of the rise in oil prices at the time, despite the decline in oil prices in early 2023, they remained stable within the average range (70-75 dollars) per barrel in the first half of 2023.
He pointed out that "the political and security conditions are stable, developed, and attractive to foreign investment, and there is no deficit in electricity and water supplies, which the World Bank has questioned, which made its expectations of growth rates drop to 4%." in 2023 and 2.9% in 2024, indicating that while refuting these facts are better facts, the improvement of the performance of the Iraqi economy and the attempt of Iraq to be self-reliant in extracting gas, as the growth rates of the Iraqi economy will rise much above what the World Bank expected and will reach 6% in 2023./ End 8 To receive more news, subscribe to our channel on[/rtl]