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Established in 2006 as a Community of Reality

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Expert: the government is required to achieve sustainable economic development during the next two y

Hkp1
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Expert: the government is required to achieve sustainable economic development during the next two y Empty Expert: the government is required to achieve sustainable economic development during the next two y

Post by Hkp1 on Wed 02 Jan 2013, 12:09 pm

Expert: the government is required to achieve sustainable economic development during the next two years and not to rely on oil


Date: 02/01/2013 08:28:07 Wednesday


Baghdad (news) .. Expected
economic expert Ismail Radi, slowing global economic growth over the
next two years, which will make the world oil prices low due to a lack
of demand, calling on the federal government to achieve sustainable
economic development to diversify fiscal revenue and not to rely on oil
sales.

Radi
said (of the Agency news): The oil revenues are moving resources and
not fixed any affected by any global economic crisis, particularly that
the national economy is supported entirely on oil, which makes it
vulnerable to direct in the event of falling world oil prices.

He
added: that the world today is exposed to major economic crises,
especially in the countries of the euro zone, made the benchmark global
oil prices heading downward, likely to continue this crisis for the next
two years due to the lack of radical solutions to address this crisis
by the European Union.

He
said: that the federal government demanding an economic plan
comprehensive for the advancement of economic sectors, whether
agricultural, industrial or commercial to achieve sustainable
development and liberalization of the economy rentier unilateral economy
to multi-faceted private that Iraq possesses elements of economic
distinct ambulance national economy from crisis likely occur during the
years arrivals.

And
suffer Eurozone severe economic crisis due to suspension of its plants
and the accumulation of debt them and forced some European countries
such as Greece to implement a policy of austerity, is born out of fear
of economists Arabs affect this crisis on their economies in terms of
reducing the trade exchanges with European countries. / End / 8.
n. p /

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Neno
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Expert: the government is required to achieve sustainable economic development during the next two y Empty Re: Expert: the government is required to achieve sustainable economic development during the next two y

Post by Neno on Wed 02 Jan 2013, 2:49 pm

To me, this is where the investment into Iraq will serge over the next two years as they look for many other ways for revenue besides the Oil dependency. Good read... ;)
weslin3
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Expert: the government is required to achieve sustainable economic development during the next two y Empty Re: Expert: the government is required to achieve sustainable economic development during the next two y

Post by weslin3 on Wed 02 Jan 2013, 6:00 pm

Are we there yet? :)

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Expert: the government is required to achieve sustainable economic development during the next two y Empty Re: Expert: the government is required to achieve sustainable economic development during the next two y

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