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Iraq: world’s fastest growing economy

 

Kamal-al-Molk tomb

Elias Pirasteh / Foter.com / CC BY-NC-ND

Iraq will emerge as the world’s fastest growing economy in 2012 and 2013, according to Bank of America Merrill Lynch (BAML).

The Wall Street bank’s data shows that among all the major economies it tracks, Iraq will be the only country that will post double-digit-growth in 2012 – clocking a 10.5% improvement in GDP this year. CONTINUE READING

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AlifArabia’s aim is to offer a brutally frank but sincere analysis on the Middle East region’s business and political issues. It wants to see a thriving and dynamic Middle East that encourages corporate and government transparency, investments and policies that allow the economies to grow.

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