Iraq among the top 30 economies in the world by the year 2028

Posted by on Jan 18, 2014 | Leave a Comment

Twilight news/ modern economic report predicted that Iraq would be among the top 30 economies in the world by the year 2028, provided the return of political stability in China will make the United States, the largest economy in the world by the same year.

According to the economic report, issued by the Center for economic and business research “Sabre”, followed up by “Twilight” that Iraq would be the next to Egypt and Saudi Arabia are among the top 30 economies in the world by the year 2028, provided the return of political stability in Iraq and Egypt.

Iraq has concluded in the past few years contracts to develop oil fields after years of deadlock caused by the economic blockade and fight the country’s successive wars.

Iraq expects production of about 8 million barrels a day by 2017. The country depends on oil imports for about 95 percent of fiscal.

The report noted that focuses on its three elements, and real GDP growth and inflation expectations, and the expectations of currency.

The report said that he expected China to USA, to be the largest economy in the world by 2028, with a rise in GDP for the Asian giant to 33 trillion dollars, compared to 32 trillion for the United States.

He noted that the world economy was experiencing “unprecedented changes over the next two decades, could lose its position in favour of advanced economies, emerging countries, not only in Asia, but in other places a also of the world.

http://www.shafaaq.com/sh2/index.php/news/economy-news/70876—-30——2028.html

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