2021/10/07 19:21 Number of readings 401 Section: Arab and World
World Bank The political instability in Iraq is a threat to economic growth
BAGHDAD / ASLL: The World Bank, on Thursday, 7 October 20, 2021, has expressed the relationship between Iraq's political situation in the economic situation and its growth, indicating that political instability in developing countries, including Iraq, is a threat to its economic growth.
The bank said in a report that the Middle East and North Africa is experiencing limited economic recovery in 2021 as the Corona virus crisis continues.
He added that the Pandemic of the Kovid -19 has caused 3.8 percent in 2020, "he said.
The World Bank predicted an area economy by 2.8 percent in 2021, with estimates that the losses caused by the pandemic reaches about $200 billion by the end of this year.
The per capita share of GDP is expected to grow by 1.1 percent this year after dropping about 5 percent last year.
The epidemic crisis caused heavy losses in jobs and a significant increase in the number of people living below the poverty line (less than 5, $5 daily).
The report said the pressure on health systems suffered with global economic factors, such as fluctuations in commodity prices, especially oil, had led to uneven recovery and limited expectations.
According to the report, each economy is largely dependent on the fluctuations of commodity prices and its depletion method.
He warned that recovery will also depend on the rapid and equitable offering of Covid-19 vaccines, especially with new mutat.
He pointed out that political instability in oil exporting countries, including Iran, Iraq, Libya and Yemen, constitute additional risk to economic growth.