The continuation of the Iraqi economy is affected by the risks next year

Posted: December 30, 2013 in Iraqi Dinar/Politics
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December 29, 2013

British firm involved in global economic analysis expects the continuation of the impact of political risk on the Iraqi economy during the next 2014.

This came in a quarterly report, the new released by Business Monitor Anturnashinal BMI British, on monitoring and analysis of global economic and trade, on the prospects for the commercial sector and economic situation in Iraq during the first quarter of 2014, the next, indicating that “the rate of growth of the Iraqi economy will be 10.6% and 9.2% in normal circumstances during the years 2013 and 2014, respectively, with the survival of private consumption and oil exports as the main engine of economic growth in the coming years, and that the risks surrounding this outlook lies in the deterioration of security resulting from the increased rates of political violence. ”

And on the expansions that may get in the fiscal policy of the country during the year 2014 the next, predicted Foundation Business Monitor Anturnashinal, also “get a surplus in the financial account of Iraq by 1.9% and 1.8% of GDP during the years 2014 and 2015, the next two on the succession, with continued rates Baltazaad spending at an accelerated pace, and determine the breadth of capital spending due to the lack of budget allocation rates. ”

They believed the British establishment, that “the rate of consumer price inflation in the country will increase from 1.8% during the year 2013 the current to 4.4% during the year 2014 the next, and his inclusion in property prices with expectations of continuing the graph of inflation to rise in the country during the coming quarters,” she said that “the rate of output GDP of the country will prove at the rate of 7.3% during the next ten years, from 2013 to 2022, coupled with increasing political stability, with the survival of the oil and gas artery that keeps this time of economic growth in the country. ”

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