The conclusion of positive indicators
30/12/2017 12:00 AM
Dr.. Bassem Ibrahimi
A new year we hope to be happy economically, as we are told by the current indicators, the most prominent of these indicators is the high oil prices to the highest level since 2015, where the price of Brent crude oil more than (65) dollars slightly, so prices have risen by 45% Almost since mid-2017, and this rise comes as a result of the rise in global demand, which is expected to continue until the end of 2019 as well as commitment to reduce production from the OPEC countries.
The other indicators were the stability of inflation rates in Iraq, where the rate of inflation in November by (0.1 percent) than in October, and slightly higher according to the annual rate, and according to the Ministry of Planning, the annual rise was the result of the impact left by rising prices In the housing and fuel sector, in return for the low impact of prices in most other sections almost, which indicates the importance of focusing on addressing the housing problem because of the complex problem and serious.
For its part, the central bank announced the increase in reserve volume of foreign currency to about 48 billion dollars after it was IMF forecasts drop reserves to below $30 billion As a result of the security and military conditions experienced by Iraq,
which indicates the success of the monetary authority In adapting domestic demand to stabilize the exchange rate on the one hand, as well as improving the adequacy of foreign reserves according to international indicators adopted for this the purpose.
On the other hand, the liberation of land from the spoils of terrorism indicates the possibility of the return of agricultural production to meet the local need of some of the basic agricultural commodities reached by Iraq before the existence of "urging", but we should not forget the need to regulate the problem of water, which began to worsen during this General.
And certainly the return of many displaced families will reduce the rates of unemployment and poverty as well as the decline in military spending and this will certainly have positive effects in the context of stability and reduce the current budget in exchange for increased allocations of the investment budget, finally many economic hopes for the new year may be achieved, Fine.