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22222
01-12-2011, 06:46 PM
Iraq's growth higher than China's

The International Monetary Fund IMF has released its forecast of growth in the world to come. Iraq's economy will be the fastest growing in 2011, while southern Europe are lagging behind considerably.
Blog E24 publishes the full list of the world's fastest growing economies:

Overall growth is scarce in the West and the IMF GDP forecast for developed economies-including the United States, Japan and Western Europe is a growth averaging 2.2% in 2011.

At the bottom of the list with zero or negative growth ranks countries such as Greece, Portugal and Spain. the developed economies by 2015 is predicted to grow by an average of 2.4%.

If you are looking for growth it's safer to seek economic development regions. Economies in Asia is predicted to grow by an average of 8.4% in the year, and the high growth will continue over the next five years believe the IMF.

It is interesting to Iraq, the country in the media dissas as anarchical and chaotic, is expected to reach higher growth than, for instance, the people's Republic of China.

The IMF estimates that Iraq's growth + 11.5 percent in 2011, and the intersection by 2015 + 10,2%. The corresponding figures for China are respectively + 9.5 + 9.6%.



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buckaroo
01-12-2011, 06:48 PM
22222, all good, but they need to Rv and soon in order to sustain growth "Iraq's economy will be the fastest growing in 2011" What does that mean to us!!

ladyinwaiting
01-12-2011, 06:49 PM
Interesting read, 22222, thank you!

moonbeam
01-12-2011, 06:49 PM
Sounds like I got my money on the right horse for a change....thanx 22222

claflame
01-12-2011, 06:53 PM
thanks 22222 this sounds encouraging!

guardian
01-12-2011, 07:02 PM
That's a tell all, especially when the IMF says it.


Thanks 22222!

mikeC
01-12-2011, 07:37 PM
Hey 22222, Great post!
They will not be able to grow at all without a tradeable currancy!
IMF know whats about to happen, letting the cat out of the proverbial "RV" bag...
I request they RV now, how about it GOI?
mikeC

vegasbound
01-12-2011, 08:26 PM
You are right MikeC. Thats my thinking also.
There must be defiantly more going on behind the scenes then the news seems to provide. Seems as tho there is alot to be done that cant seem to get done. Postponed, next week, in coming days, no quorum, arguing, etc. I cant for the life of me figure out why this cant get done...Their future has nothing but positive on the horizon. This country has the potential to make Kuwait look like the slums and Dubai....oh hum its boring here. Think I'll go to Baghdad for awhile this trip.....lol.....It will take awhile but all the wealth and resources are there. Its like The door just has to be open....Look out when the private sector gets on line, that will be the biggest catalyst for their future.


Hey 22222, Great post!
They will not be able to grow at all without a tradeable currancy!
IMF know whats about to happen, letting the cat out of the proverbial "RV" bag...
I request they RV now, how about it GOI?
mikeC