Iraq’s Economy After the Invasion
|April 13, 2013||Filled under Iraq Daily News|
Iraq’s economy is still ten years after the invasion which suffers legacy of the war and its aftermath of the repercussions have affected the lives of millions of Iraqis .. However it is hoped that Iraq can overcome those difficulties depending on its oil wealth.
According to United Nations data suffer almost 60 percent of Iraqi families today from lack of drinking water or sanitation facilities, food or electricity means that many people have been denied a decent life .. The electricity seems node decade Eluded her efforts by the authorities to secure the citizen daily without interruption.
With the absence of electricity and loss of Iraq infrastructure becomes talk about the growing industry or even agriculture unlikely to rampant unemployment estimated by the official figures at 15%, forcing the government to accommodate employees in companies and ministries, reminiscent of unemployment disguised because 60% of full-time workers are now employed by the State.
However, Iraq’s oil Fetroh capable of Defusing these crises .. Oil production is more than 3 million barrels per day, and Iraq is the second oil producer in OPEC and the third largest exporter in the world after Russia and Saudi Arabia bestow returns tens of Billions.
In the absence of national industry flowing a lot of these funds abroad price for oil imports even. However, Optimism can rapidly growing since the Iraqi economy by 8% last year , and anticipate reaching 9% this year.
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