Printer Friendly
The Free Library
22,719,120 articles and books

Iraq making progress.

United Press International (UPI UPI
United Press International
) reports that the International Monetary Fund (IMF IMF

See: International Monetary Fund


See International Monetary Fund (IMF).
) has expressed optimism about the future of Iraq's economy. This according to according to
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

 an August 17, 2005 wire dispatch reporting on the an IMF review of the country's economy, the first in over 25 years.

The dispatch quoted an IMF official who said that he was "quite optimistic op·ti·mist  
1. One who usually expects a favorable outcome.

2. A believer in philosophical optimism.

" about the medium term. At the same time, the official cautioned that much would depend on the future course of oil prices. Under normal circumstances, Iraq is a major exporter of oil and higher world oil prices would benefit the country's growth.

Security concerns combined with political uncertainty about the role of oil revenues in the country's general economy combine to underscore the lack of confidence implied in the IMF official's comments.

The official did say that Iraq deserves credit for being able to maintain even a semblance of macroeconomic mac·ro·ec·o·nom·ics  
n. (used with a sing. verb)
The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors.
 stability under present circumstances.
COPYRIGHT 2005 Media Contact Resources, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:future of Iraq's economy
Publication:Market Africa Mid-East
Article Type:Brief Article
Geographic Code:7IRAQ
Date:Sep 1, 2005
Previous Article:Employment in Nigeria.
Next Article:Morocco pursues growth.

Related Articles
Iraq Is Deteriorating.
TURKEY - Ali Babacan.
Petrodollar warfare; oil, Iraq and the future of the dollar.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters