Economist: declining oil prices will lead to disastrous results, in particular~staff

Economist: declining oil prices will lead to disastrous results, in particular the category of staff

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Date: 08/27/2015 13:46

Information / special / ..
said economist Mohammed Abdul-Zahra, on Thursday, that the decline in oil prices will lead to disastrous consequences for the staff category in the country in particular.

He said Abdul-Zahra told / information / "The continued decline in the volatility of oil prices and their access to low prices will to disastrous results will inflict staff the fact that the staff and the salaries of retirees rely mainly on the sale of oil and export it.

"He added that" the Iraqi state does not have any financial reserves or approved economic plan exigent circumstances to such a things.

"Between Abdul-Zahra that" the survival of the economic situation miserable on what is it will negatively on the overall life of the citizens in general and employees in particular.

"has seen world oil markets, a significant decline not seen since eight years, after the arrival of the price of a barrel of oil to $ 37, making Iraq an economic difficult position for adoption on Alriei.anthy / 25 economy

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