KTFA: Samson: The International Monetary Fund lowers its forecast for global growth in 2022
26th January, 2022
The International Monetary Fund has lowered its forecast for global economic growth as a result of the uncertainty surrounding the pandemic, inflation, supply chain disruptions and the tightening of US monetary policy, which pose additional risks.
The Fund said in its report on the developments in the prospects for the global economy, seen by Shafak News Agency, that “the global economy is expected to achieve a growth of 5.9 percent in 2021 and then decline to 4.4 percent in 2022, a decrease of half a percentage point,” adding that “global growth It is expected to slow to 3.8% in 2023, up 0.2% from its previous forecast in October.”
He added, “The basic expectations and the implications of movement restrictions, border closures and health effects resulting from the spread of Omicron, and the variation of these factors between countries depending on infection and the severity of movement restrictions, will be a burden on growth in the first quarter of 2022, provided that the negative impact fades in the second quarter of the year.” The pandemic is now expected to result in combined economic losses of $13.8 trillion through the end of 2024.”
The IMF lowered its forecast for US economic growth by 1.2%, given President Joe Biden’s failure to pass a spending package for social and environmental programs before tightening US monetary policy and the persistence of supply shortages. 2021, with growth expected to rise again to 5.2% in 2023. LINK
Samson: Iraq Is Out Of The Top Ten Most Corrupt Countries In The World
26th January, 2022
A member of the United Nations Convention Against Corruption coalition, Muhammad Rahim Al-Rubaie, revealed, on Wednesday, that Iraq has left the ranking of the ten most corrupt countries in the world.
Al-Rubaie said, in a statement reported by the official “Al-Sabah” newspaper, that “Iraq has followed several policies, including the adoption of the national strategy to combat corruption, which will be launched during the next few months by the Integrity Commission, in partnership with civil society organizations and the private sector,” referring to the strategy “will diagnose the sources of corruption and divide them into political, social, administrative and financial.”
Al-Rubaie added, “The quota system in the distribution of positions has clearly affected the treatment of corruption, and we hope that the Federal Service Council will limit the influence of quotas in government institutions.”
The head of the Al-Nahrain Network for Integrity Support called for “the need to pay attention to freedom of expression and support the press, which are the two indicators that Transparency International greatly adopts, which will achieve additional points for Iraq and enhance its position on the Transparency International Index,” stressing the need “to legislate laws on the right to access information, and activate and the application of Financial Management Law No. 6 of 2019 and the application of the principle of transparency stipulated in the law in its tenth chapter, which raises Iraq to another level of this indicator. LINK
