Economist likely worsening cash crisis because of the austerity in the country

by **Ponee** Sun Jan 04, 2015 12:14 pm

BAGHDAD / Source News / .. likely economist dominant Khayat, Sunday, worsening cash crisis in Iraq after the adoption of the budget for the year 2015.

He told Al-Khayat / Source News / "The state government's announcement of austerity in the 2015 budget led to a shortage of liquidity in general."

He added that "the majority of stop service projects and investment born concern among private banks, traders and reflected in the movement of the market," explaining that "simple Iraqi citizen has become fearful of the economic downturn and this is trying to reduce its purchases significantly."

He pointed out that "This is a serious situation because the market movement will be slow and ineffective, which means practically fall in economic activity in the country."

Khayat and warned "of the negative consequences of the absence of an active market movement because it will generate significant cash crisis in the country," .anthy / 19 p

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