Rumors and fears “paralyze” Iraqi markets despite massive government spending!

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Rumors and fears “paralyze” Iraqi markets despite massive government spending!

Iraqi markets had been experiencing an unparalleled recession for 2 months, pushed through escalating rumors approximately employee salaries and irresponsible statements which have brought about residents to be careful whilst purchasing and limit themselves to fundamental requirements.

economic affairs researcher Mustafa Akram Hantoush advised the dinaropinions.com that “government spending represents between 55 and 60 percentage of public spending, but its effect available on the market reaches eighty percent,” noting that the continuation of rumors will further weaken economic hobby.

Hantoush delivered, “residents are experiencing a state of worry because of the nearby state of affairs and conflicting statements, which has impacted shopping strength and led to markets halting their everyday operations.” He called for “urgent measures to reassure the marketplace and achieve economic balance to make sure the continuity of monetary activity.”