An Economist Reveals Three Hidden Reasons Behind The Market Recession.
Time: 2025/04/26 16:57:17 Read: 2,040 times {Economic: Al Furat News} Economic expert Salah Nouri revealed today, Saturday, three reasons behind the current stagnation in Iraqi markets.
Nouri told Al Furat News, "The first reason is the rise in the prices of basic imported goods globally, which has had a direct impact on their prices in local markets when calculated in Iraqi dinars, making them beyond the reach of a wide segment of citizens."
He added, "The second reason relates to the fluctuations in the local dollar exchange rate, which has weakened the dinar's purchasing power and made low-income earners among the most affected groups due to their inability to keep up with rising prices."
Nouri pointed out that "the third reason is the decline in demand for basic commodities due to the decline in citizens' purchasing power, which has led to a general state of stagnation in markets, especially in areas with low incomes." LINK