Government confirmation that the Iraqi economic path is moving in the right development direction
Mawazine News – Economy
The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh, confirmed on Wednesday that Iraq’s economic path is progressing properly towards development for the coming years, noting that economic growth in 2024 is a motivation for the expansion of economic activities in the country.
Saleh said in a statement to the official agency that “there is a principle in the economy called the economic accelerator, which means that the growth in non-oil GDP, which reached 6% in 2024, will reflect positively on the strength of national investment in 2025.”
He added that “the Iraqi economy will witness a high investment renaissance in 2025 thanks to the economic accelerator in the investment field, in addition to the high positive growth effects of national income in 2024.”
Saleh pointed out that “business companies and investors are affected by the results of the basic idea behind the economic accelerator, which indicates that any increase in demand for goods and services as a result of national income growth in 2024 can lead to increased investment in capital such as machinery, equipment and labor in 2025.”
He added that “companies and business activities need to expand their productive capacity to meet the growing demand for goods and services, which will lead to a positive accumulation in the productive capacities of the national economy in 2025,” he stressed that this can be positively expected, especially if it is accompanied by a good agricultural season and a wet year in the coming months.
In conclusion, the Prime Minister’s Advisor pointed out that “Iraq’s economic path is moving in the right development direction for the coming years, thanks to the continuous cooperation between the private and public sectors.”
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