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Iraq, Economy Stalling, May Be Broke by Next Year

Drop in oil price has gutted nation's income

By Katherine Thompson, Newser Staff

Posted May 11, 2009 12:46 PM CDT

(Newser) – Some people thought Iraq wouldn't be affected by the worldwide economic downturn, says an Iraqi economist. "Those people were stupid." At the very least, they were wrong: Sales of consumer goods are in the basement, along with real estate, and the unemployment rate... Read full story »

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Iraq, Economy Stalling, May Be Broke by Next Year

Drop in oil price has gutted nation's income

Iraq • Nouri al-Maliki • Iraq economy • unemployment • Iraq security • economy • economic downturn • Jay-ZTV

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