Iraqi Economist: Possible global recession in 2012 however Iraq will not experience stagnation
Posted: October 16, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics

Economist: 2012, will witness a recession
On: Sun 10/16/2011 14:37

Baghdad (news) .. The economic expert Khaled Hamed on that 2012 will not experience economic stagnation because of the conventions of financial, commercial, economic and Iraq signed with other countries.

The Hamid in a statement (for the Agency news) on Sunday: It is difficult to predict recession in the coming years, to the fact that this subject needs to the expectations of long-term strategy can not be known in a few months, noting only that the conventions of financial, trade and economy by Iraq with the rest of the best evidence of improvement in the economic reality and away from crises.

said Hamid: that the budget developed by Iraq in 2012 is very high, which came in the light of studies and knowledge of the reality of the market economy, which gives a positive indication on the economic situation in Iraq and hes past in the light of global conventions and investment, alluding to the last financial agreement and the investment was with the Jordanian side.

It is noteworthy that many economists pointed that the recession may be a maximum of the aspirations of many of the largest developed economies in the world during the next year, while facing some risk of recession, and switched this year after a promising start to a great disappointment for the largest economies in the world, experiencing a mixture of austerity and crises debt, natural disasters and political problems.