19.12.2012 - Investors shun post-war Iraq as rising OPEC starís recovery lags
Nine years after U.S.-led forces toppled the dictatorship of Saddam Hussein, even specialists in frontier markets are backing off from Iraq. Daily blackouts, congested ports and other infrastructure woes compound investor concerns about violence and corruption, and a broad recovery continues to elude this energy-rich nation of 33 million people. Iraq generated $7.8 billion a month from oil sales this year and seeks to triple output of crude by 2020. The economy, adjusted for inflation, is set to expand by 14.7 percent in 2013, 12 percent in 2014 and 9.3 percent in 2015, according to an International Monetary Fund forecast...............................................Full Article: Source
Print