Iraq’s economy is strong, despite the events of Anbar

REPORT: IRAQ’S ECONOMY IS STRONG, DESPITE THE EVENTS OF ANBAR AND THE ONLY DANGER IS CORRUPTION

Iraqi economyTwilight News / economic report considered that the Iraqi economy was not affected by the events of strong Anbar, and that the growth rate is twice the rate of global growth, noting that the only danger it is the scourge of corruption. A report on CNN that followed the “Twilight News” that while he continues the battles between Iraqi government forces and the fighters of the Islamic State in Iraq and the Levant,

or what is known as “Daash” especially in Anbar province, and its implications on the economy and the attractiveness of the country for investors hence shed light on the economic side of Iraq, which, according to official figures is considered a “strong”.

He added: “On the surface might say the individual that the Iraqi economy is heavily influenced as a result of events in the country, but in truth, since the fall of Saddam Hussein’s regime by more than ten years has been the lifting of sanctions on the country simultaneously with higher rates of oil production in a direct correlation.”

According to Kelly Stilma, a minimum of Company Consulting, the “about 99.5 per cent ofgovernment revenue comes from oil, and the revenue that entered the country during the year 2013 amounted to between 89 and 90 billion dollars.”

He added Stilma that “Iraq exports about 2.5 million barrels of oil per day .. From this point and for us as consultants, these figures are considered a solid foundation,” pointing out that “the current events in Iraq may worry some investors, however, the forthcomingparliamentary elections in April next may pay for a change. ”

The report says that “the outlook for growth in Iraq shed light on the robustness of the economy, where, according to the International Monetary Fund is expected to make Iraqa growth rate of six per cent, a rate which is twice the rate of global growth, but experts point out that corruption may stand an obstacle in the way of achieving this growth. ”

shafaaq.com

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