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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    IMF expects Iraq's economy shrinking 2.7% in 2014

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 281015
    Join date : 2012-12-21
    • Post n°1

    IMF expects Iraq's economy shrinking 2.7% in 2014 Empty IMF expects Iraq's economy shrinking 2.7% in 2014

    Post by Rocky Mon 27 Oct 2014, 10:29 am

    IMF expects Iraq's economy shrinking 2.7% in 2014



    The current economic slowdown comes after GDP growth of 4.2 percent in 2013


    International Monetary Fund forecast a contraction of Iraq's economy by 2.7 percent this year, the first contraction since 2003, after organizing Daash dominated the vast expanses of Iraq, one of the major oil-exporting countries.

    Showed regional economic outlook for the IMF that the current economic slowdown comes after GDP growth of 4.2 percent in 2013, which was the weakest rate since 2007. However, this proportion remains small when compared with the drop output by 41.4 percent in 2003, when the mystery-led coalition United States to overthrow the country's regime of Saddam Hussein.

    The IMF said that the conflict has led to the expected Iraqi oil production growth ceased to fall slightly to 2.9 million barrels per day, while the amount of exports remain 2.4 million barrels per day, close to last year's level.

    Fund "It is also likely that the decline of GDP, compared with the non-oil growth of more than seven percent in 2013 in light of the fighting, which undermines confidence and disrupt fuel and electricity supply and increases the trade and distribution costs and reduce investments."

    However, the IMF projected growth accelerated again to 1.5 percent in 2015 with support from the rise in oil production, but cut its forecast for crude production in the long term to 4.4 million barrels per day in 2019 from 5.6 million barrels per day forecast in May. 


    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Tue 19 Nov 2024, 11:38 am