Iraq Planning: 9% economic growth rate through 2013

Iraq Planning: 9% economic growth rate through 2013


The Ministry of Planning and Development Cooperation, on Tuesday, that the rate of economic growth in Iraq in 2013 amounted to 9%, while suggesting that the announcement of this figure came after its statistics and indicators on the percentage of growth in all sectors.

The Minister of Planning and Development Cooperation Ali Shukri in a press statement, “The rate of economic growth in Iraq in 2013 amounted to 9%,” noting that “the calculation of this ratio was in accordance with data and statistics and indicators carried out by the ministry in all sectors of the economy over the past year.”

The Deputy Prime Minister for Energy Hussain al-Shahristani predicted, last November, that “the rising growth rate to ten percent over the next five years”, stressing that “Iraq was able to control the rate of inflation and reduced from 50 to six percent currently.”

The Merrill Lynch – Bank of America said in a report issued in 2012, according to a survey conducted by the “Iraq will be the highest growth among the world’s GDP and will grow in the local production of up to 10.5 percent, followed by China with 7.7 percent.

Was annual report of the International Monetary Fund for Iraq for 2013 pointed out, that “experts predict that increases the growth of Iraq in 2013 to nine percent with increasing oil production to about 3.3 million barrels per day, and the recovery of activity in the non-oil sectors (government services, trade, real estate, construction and transport ).

The report also pointed to a decline in the inflation rate of six percent at the end of 2011 to 3.6 at the end of 2012 Balima past. Finished / 3

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