Expert: Iraq's economy will not collapse or be affected by the financial crisis

Date: 20/01/2015 20:09


Information / special / ..

Ruled an economist, on Tuesday, the Iraqi economy is affected by the financial crisis that hit the country as a result of falling oil prices, and among that Iraq suffers from a lack of financial liquidity for a specified time and not in economic resources, he pointed to the lack of specialized minds in the economic file management.

The expert said Majid picture told / information /, that "Iraq is suffering from financial liquidity and time given as a result of emergency conditions and not a lack of economic resources," noting that "this financial crisis will cause the collapse of the Iraqi economy or affect it in the long run."

He added that "Iraq's large and many economic fundamentals and can not to this crisis to undermine him," adding that "the period of the siege, which passed out of the country and traversed good factual evidence that the Iraqi economy has many ingredients."

He said that "if there were minds specializing in economic file management what we got to this case," adding that "the country has many resources, but the problem in the proper management of these resources."

The expert noted that "the current budget, and despite the shrinking size but not small compared to the reality of the region, especially if it was stopped growling with an austerity and control the excess expenditure."

It is said that the country is suffering from a severe financial crisis as a result of falling oil prices and access to low levels were not in the government's accounts Madea government to take a series of measures on top of austerity and retrenchment is necessary in addition to head to the investment and to encourage industry and agriculture.


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