British report: Iraq bottoms in the global business environment rating
322 Economy 10/27/2022 13:38
Baghdad today _ follow up
Iraq is among the five countries that rank at the bottom of the global business environment ranking issued by the British Economist Intelligence Unit, which indicates the country's economic outlook for five years.
According to a report issued by the company and followed by (Baghdad Today), it explained that
“the rating measures the attractiveness of the business environment in 82 countries on a quarterly basis using a standard analytical framework with 91 indicators,” noting that
“its ratings for the fourth quarter of 2022 show that Western Europe and North America are still better Places to do business in the world, Asia ranked third, slightly ahead of Eastern Europe, while the Middle East and Africa made a slight lead over Latin America. She explained that
"Iraq came during the period from the last quarter of 2019 to the same period of this year among the five countries that occupy the bottom classification in the global business environment, as
it came fourth after Syria first, Yemen second and Libya third, while Lebanon came fifth after Iraq." She added that
"the low centers of the Middle East and Africa are still under the weight of poor governance and rampant insecurity in many parts of the region, including the contagion of conflicts in Syria, Yemen and Libya, as well as political unrest in a number of countries such as Iraq and Lebanon." And she considered that
"Singapore will remain the best place for business in the world over the next five years, according to the unit's business environment rankings for the fourth quarter of 2022, while
Canada and the United States ranked second and third, respectively, while Western Europe retained its position within the top 20." She pointed out that
"the greatest improvement during the past three years and prior to the turmoil caused by the Corona pandemic and the war in Ukraine was in the business environment in Greece, Qatar, the United States and the UAE, while the worst cases were in Latin America in addition to Russia and Ukraine."