Wednesday, January 16, 2008

Seven Percent Growth Projected

The right-wing U.N. thinks Iraq looks like a good investment. 

Iraq faces a period of economic growth and political progress, according to assessments by the International Monetary Fund and the UN.

The IMF sees a 7% jump in growth in 2008 and a similar rise next year, and says oil revenues from buoyant exports should be up by 200,000 barrels a day.

The UN envoy to Iraq welcomed dialogue between the Sunni and Shia communities and praised the government’s work.

But analysts warn much depends on rapid progress in the next six to 12 months.

(1) Comments
Posted by Owen at 2206 hrs
Foreign Affairs

  1. Well of course it looks like a good investment, what with the U.S. government committed to dumping more than a trillion dollars into the country free of charge! Who wouldn’t think that is a good investment? I’m sure private investors are drooling over that taxpayer-funded bonanza.

    Posted by Mike Thomas on January 17, 2008 at 1124 hrs


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