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View Full Version : Economist: delayed formation of the government led to economic recession



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06-11-2010, 11:26 PM
2010-06-11

بغداد ( إيبا ).. BAGHDAD (Iba) ..

An economic expert said the delay in forming the government led to an economic recession that the level of economic projects implemented to contact the amounts to them.

Said Bassem Jamil Anton in contact with the agency, the independent press (Iba) that the delay in forming the government led to an economic stagnation that the level of economic projects implemented and reconstruction operations in the country to contact of the amounts allocated and disbursed to them.

Anton said that the volume of unemployment in the country more than 35%, but in the case of technocrats assumed positions of responsibility in the State could then be taken to eliminate the bureaucracy and solve a lot of economic problems and the country will shift to the center to attract investment and scale.

He added that it is not possible to rely on oil revenues as a source of final for the Advancement of the Iraqi economy, adding that the industrial sector, agricultural and other productive sectors stalled.

He pointed out the existence of population increase up to around 3% per year, indicating that these data put us in front of a big problem in the case of Iraq's economic situation remained as it is.

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