Petrel Resources - moderated discussion/research part II
pixi - Thu, 29 Dec 05 :
Nicked from BLT:
Iraq's economy is estimated to grow by just 2.5% this year.
Mr Allawi's said this modest performance was "understandable" given the high levels of violence and that growth could top 12% in 2006.
He also admitted that the security situation had to improve before Iraq could raise money on the international financial markets, crucial to the long term development of its economy.
"There has been a great deal of disruption to oil pipelines and oil infrastructure but this is now being handled reasonably well," he said.
"Price stability, exchange rate stability, consistency of economic policy. That is all taking place."
