Central Bank: Iraq's economy will grow by 9% next year
Sunday, October 30, 2011
A senior official of the Iraqi Central Bank said Sunday that the growth of gross domestic product of Iraq will rise to 9% in 2012 from about 6% currently supported by an expected increase in oil production and exports.
The denominator is harmful to the deputy governor of Central Bank of Iraq in an interview with Reuters that he would not be difficult to grow the economy rose 9%, if production and exports of the oil sector, and expected GDP growth by about 5 to 6% at the end of this year.
Kassem said he expected to leapfrog the Federal Reserves to Iraq to about $ 70 billion by the end of 2012 of $ 58 billion now, if oil prices remain at current levels and increased exports as expected.
"Truth is everlasting, but our ideas about truth are changeable. Only a little of the first fruits of wisdom, only a few fragments of the boundless heights and depths of truth, have I been able to gather"