INSEAD Day 4 - 728x90

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Iraq saw rise of positive economic indicators in 2021: Planning Ministry

Iraqi economy saw several positive indicators in 2021.
  • People regaining their jobs after easing of Covid restrictions helped boost projects in the private sector.
  • Although the Planning Ministry is yet to prepare a report on economic indicators for 2021, there is an improvement in many fields, says a spokesman.

Iraq’s Ministry of Planning has said several positive economic indicators have risen during 2021 and several measures are being taken to activate the economy.

Abdul Zahra Al-Hindawi, a spokesman for Iraq’s Planning Ministry, said those who lost their jobs in 2020 returned to their jobs, which helped in the economic movement besides giving a fillip to many projects in the private sector.

About economic indicators and readings after changing the exchange rate, and Iraq’s reliance on the local product, Al-Hindawi said the reading and the results would be available after two years.

“The ministry has not prepared a report on economic indicators during the year 2021 because the year has not ended yet, but there is an improvement in many fields,” he said.

Al-Hindawi said all projects that had been suspended due to financial reasons and the economic crisis were resumed, which in turn led to job creation.

He said inflation has risen across the world because of the rise in food prices in global markets and disruption caused by Covid-19 measures.