Tuesday, 20 January 2 / January 2015 15:40
The World Bank predicted a very slight growth in the Iraqi economy by at up to 1% during the current year 2015.
And the whole World Bank experts in the Global Economic Prospects report issued as half yearly on the "Initial figures indicate the possibility of access to the growth rate in the region of 3.5% in 2017, while global economic growth rates to rise in 2015 to 3% this year and up in 2017 to 3.2 %, "Mnohien as" expected stability of the Middle East and North Africa region's economy after years of turmoil. "
They predicted that "the rate of economic growth in Iraq, up to 0.9% in 2015 and in Egypt to 3.6%, and rise to 4% in 2017, 2.7% in Tunisia, Libya and in 4.3%."
For his part, World Bank President Jim Yong, that "the most important economic growth recovery in the Middle East and North Africa region in 2014 and upbeat outlook for 2015 factors is improved confidence in the economy of Egypt and Tunisia, countries and increased manufacturing and exports in Egypt and Morocco levels, noting that the recovery Universal has an impact on global growth. "
Young explained that "economic activity is increasing strongly in the United States and the United Kingdom with the recovery of the labor market and the continuing ability to strongly adjustment in monetary policy, but the recovery falters in the euro area and Japan, with the continuing effects of the financial crisis, is that China is experiencing slow growth being managed carefully with the process expected growth rate to fall still strong at 7.1% this year [compared to 7.4% in 2014] and then to 7% in 2016 and finally to 6.9% in 2017, and some countries will be recorded losses from the collapse of oil prices, but others would gain. "
And agreed with him Francesca Onsurj, lead author of the report, where confirmed that "the risks facing the huge global economy, and will be the countries that have policy frameworks relatively more specific and reform-oriented governments are better able to respond to these challenges in 2015".
As Ayhan Kosi director development prospects at the World Bank confirmed that "after years of turmoil, it seems that the Middle East and North Africa region's economy is stabilizing, although growth is still fragile and uneven, growth in oil-importing countries was generally stable in 2014, while brisk activity an economist at the Petroleum Exporting Countries after contracting slightly in 2013, and is still a huge fiscal and external imbalances in the region, is expected to recover gradually grow to 3.5% in 2017 [from 1.2% in 2014]. "
He noted that "the decline in oil prices will lead to a huge real shifts in income from oil-exporting countries to imported oil countries, and whether exporters or importers, the fall in oil prices represents an opportunity to achieve reforms that can increase the financial resources and help environmental activities."
And facing the Middle East, including Iraq a huge risk because of the volatility of oil prices and political turmoil with ongoing security challenges and those resulting from the operations of the political transition, has been repeatedly delayed treatment continued for many years structural challenges procedures, with the continuation of the main challenge of the high unemployment rate, and lets drop prices Oil opportunity to cancel the huge energy in oil-importing countries support ".anthy
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