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December 21, 2006
Iraq GNP and New Business Going Through the Roof
Despite constant media reports of civil war in Iraq, that country’s economy is reported to be booming—even in Baghdad. According to studies from the US Chamber of Commerce, the World Bank and the IMF (International Monetary Fund), Newsweek reports that Iraq’s flourishing economy was "the mother of all surprises."
Iraq’s economy has grown by at least 4% and may be as high as 17%, according to Newsweek. Companies registered in Iraq have grown from 3,000 in 2003 to 34,000 in 2006. In 2006, Iraq realized $41 billion from oil revenues and construction, real estate and retail sales are reported to be at all time highs.
Read more on this amazing success story....
Posted by Post Scripts at December 21, 2006 09:22 AM