Experts: Iraq Is on the Verge of a Deep Economic Crisis
|October 29, 2012||Filled under Iraq Daily News|
Economists predicted that Iraq is on the verge of a severe crisis due to the worsening economic crisis in Iran and Syria’s political and which threaten the local economy at risk. He called analysts from the federal government speed quick action keeps the market economy from falling and to address the crisis coming.
They said the collapse of political crises in (Syria and Iran) will cast the bad on the Iraqi economy in terms of stimulating local industry and increase prices in the domestic market because Iraq was relies large imported from Syria and Iran, which called for the Iraqi trader for Juely other countries to import goods alternative such as Turkey, which increased the cost of transport to the local market.
With regard to the political crisis in Syria and cuts import most materials, including vegetables and fruits make the Iraqi market lacks these materials whose prices have increased for I said , which requires speed import instances those goods and food from European countries and other Arab because the only solution to save the market from a lack of supply and high prices, also stimulate industry and local agriculture offset materials imported from abroad.
And increased food prices in Iraq rose 1.2 percent between August and September 2012, and by 7.8 percent during the year, as reported by the Central Bureau of Statistics in Iraq, which also noted a rise in the prices of yogurt, cheese, eggs, fruit
So it must take quick action to respond to crises that affect Iraq’s economy to achieve self-sufficiency of goods imported through either imported from other countries or produced locally by supporting local agriculture and industry.
Due the lack of movement flow of Syrian goods to Iraq to the closure of many companies and the Syrian risks to trucks transporting goods to cross the border points between the two countries, which turns at certain times of the clash between the forces of areas regular Syrian army and the Free Syrian Army.
In this context benefit Iraqi traders that this confusion in the supply of goods from Syria resulted in lack of supply and increase prices in the Iraqi market. And point out here that the movement of trade between Iraq and Syria face unrest as a result of difficulties in tracks transporting goods, where there are three border points between the two countries have signed one of them in the hands of rebel forces before they regain regular forces dominate them, and since the revolution Abu Kamal border crossing was closed to the movement of trade which is one of the largest commercial crossings in the Middle East.
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