after the fall of the Saddam Husain

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after the fall of the Saddam Husain

Post by maccmohan on Tue 21 Dec 2010, 5:57 pm

In a December 2006 Newsweek International article, a study by Global Insight in London was reported to show "that Civil war or not, Iraq has an economy, it's doing remarkably well. Real estate is booming. Construction, retail and wholesale trade sectors are healthy, too. The U.S. Chamber of Commerce reports 34,000 registered companies in Iraq, up from 8,000 three years ago. Sales of secondhand cars, televisions and mobile phones have all risen sharply. Estimates vary, but one from Global Insight puts GDP growth at 17 percent last year and projects 13 percent for 2006. The World Bank has it lower: at 4 percent this year. But, given all the attention paid to deteriorating security, the startling fact is that Iraq is growing at all."

Between 100,000 barrels per day (16,000 m3/d) and 300,000 barrels per day (48,000 m3/d) of Iraq’s declared oil production over the past four years could have been siphoned off through corruption or smuggling, according to a US Study from May 12, 2007.

maccmohan

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