Iraq's economy declines by half

Geschrieben von Andreas am 11. Oktober 2003 13:39:25:

Als Antwort auf: Nachrichten: 11.Okt. (owt) geschrieben von Silvermoon am 11. Oktober 2003 10:04:47:

Iraq's economy will shrink 22% this year, having fallen 21% in 2002 and 12% in 2001, the United Nations and the World Bank have estimated. The figures, which have been published ahead of a major meeting of donor nations, suggest that reconstruction work in Iraq will be slower to take effect than originally hoped. Average income in Iraq fell from $3,600 per person in 1980 to between $770 and $1,020 by 2001 and will be just $450-610 by the end of 2003, the UN and World Bank said.

The biggest problem facing the Iraqi economy is mass unemployment, with an estimated 50% of the population either unemployed or under-employed. The government employs 30% of the workforce, and many of those work for the inefficient state-owned enterprises, who employ 500,000 (with an additional one million working directly for the government)

http://news.bbc.co.uk/2/hi/business/3181248.stm




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