International monetary forecast a sharp slowdown in the Iraqi economy this year and a strong recovery next year
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
International monetary forecast a sharp slowdown in the Iraqi economy this year and a strong recovery next year
International monetary forecast a sharp slowdown in the Iraqi economy this year and a strong recovery next year
04/15/2020

04/15/2020

Economy News _ Baghdad
The International Monetary Fund expected, on Wednesday, a sharp slowdown in the Iraqi economy this year, followed by a strong recovery next year.
The fund said in a report for the month of April that it is expected that "there will be a sharp slowdown in the Iraqi economy this year, followed by a strong recovery in 2021."
He added that "Iraq increased its real GDP in 2019 to 3.9%, but it is expected that this year will decrease by 4.7%, while next year 2021 will grow significantly by 7.2%."
He expected that "consumer price inflation in Iraq will reach 0.8% in 2020 and 1.0% in 2021."
He pointed out that "the pandemic of COVID-19 will cause human costs to rise and rise all over the world, and the necessary protection measures severely affect economic activity."
He noted that "as a result of the epidemic, the global economy is expected to contract sharply by -3% in 2020, which is much worse than it was during the 2008-2009 financial crisis."
He added that "Iraq increased its real GDP in 2019 to 3.9%, but it is expected that this year will decrease by 4.7%, while next year 2021 will grow significantly by 7.2%."
He expected that "consumer price inflation in Iraq will reach 0.8% in 2020 and 1.0% in 2021."
He pointed out that "the pandemic of COVID-19 will cause human costs to rise and rise all over the world, and the necessary protection measures severely affect economic activity."
He noted that "as a result of the epidemic, the global economy is expected to contract sharply by -3% in 2020, which is much worse than it was during the 2008-2009 financial crisis."
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04
THE MOST PROMINENT EXPECTATIONS OF THE INTERNATIONAL MONETARY FUND FOR THE ECONOMIES OF ARAB COUNTRIES 2021
THE MOST PROMINENT EXPECTATIONS OF THE INTERNATIONAL MONETARY FUND FOR THE ECONOMIES OF ARAB COUNTRIES 2021
(Al-Dustour) -18/04/2020

The International Monetary Fund expects a sharp contraction in the economy this year, but is optimistic about the recovery of the world's economies, including Arab, in 2021.
The fund has lowered its forecast for global economic growth this year in light of the uncertainty associated with the spread of the emerging corona virus in the world.
In April's Global Economic Prospects report, the IMF said that Coved 19 had caused high and high human costs worldwide, and isolation measures were severely affecting economic activity.
"Assuming that the epidemic will fade in the second half of 2020 and that stimulus measures around the world are effective, we expect global growth in 2021 to rise partly to 5.8%," said IMF chief economist Geeta Gopinath.
With regard to the fund's expectations for the Arab region for the year 2021, the data showed that Iraq will top the Arab countries in terms of economic growth, as its economy will rise next year by 7.2%, after falling this year by 4.7%.
Iraq is second only to Algeria, and according to a fund, the Algerian economy will grow in 2021 by 6.2%, after declining in 2020 by 5.2%.
In third place, Qatar will grow by 2021 by 5%, after a contraction in 2020 by 4.3%, and then by Morocco with a growth of 4.8%.
As for Saudi Arabia, it will grow in 2021 by 2.9%, to rank in the Arab countries in terms of growth in the tenth position, and it is surprising in the report that Egypt, the only Arab country that is expected to grow in 2020, will rank 11th in the list and grow in 2021 by 2.8%.
The following table shows the ranking of Arab countries in terms of growth next year:

claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04

» International Monetary Fund: Corona and the sharp drop in oil prices create grave risks that threaten Iraq's economy
» Arab Monetary Fund raises its forecast for the growth of the Iraqi economy by 2019 and 2020
» The Central Bank of Iraq announces the success of its efforts to reform the economic environment and achieve stability in prices
» The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022
» THE ARAB MONETARY FUND ORGANIZES MEETING OF THE REGIONAL WORKING GROUP TO PROMOTE FINANCIAL INCLUSION IN THE ARAB COUNTRIES
» Arab Monetary Fund raises its forecast for the growth of the Iraqi economy by 2019 and 2020
» The Central Bank of Iraq announces the success of its efforts to reform the economic environment and achieve stability in prices
» The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022
» THE ARAB MONETARY FUND ORGANIZES MEETING OF THE REGIONAL WORKING GROUP TO PROMOTE FINANCIAL INCLUSION IN THE ARAB COUNTRIES
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad
» CBI sold +3$ billion in forex in May
» Finance agrees with the World Bank to help Iraq by activating the General Authority for Taxes
» Central Bank Governor: The Iraqi banking sector is witnessing development and openness to the outside
» The Central Bank prevents Visa and Master card holders from giving them to any party
» Al-Kazemi’s advisor identifies the reasons for the failure to approve the final accounts since 2012