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2003-10-11 Iraq
Iraq’s economy declines by half - BBC Corespondent is dumbstruck
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Posted by Super Hose 2003-10-11 2:45:11 PM|| E-Mail|| Front Page|| [391 views since 2007-05-07]  Top

#1 Even by the end of 2004, the two organisations estimate that average income could be lower than in 2001.

It is worth noting the high income figures in 1980, was just prior to the first of Saddams military decisions, and the lowered numbers more than likely reflect the oil 'embargo' in addition to decades of war, internally and externally.

It is also worth noting that neither the UN nor the World bank have any basis for these numbers: they are just guesses and given the sources are more than deserving of the scorn they should be receiving.

A nation usually collects economic statistics from just a few points and extrapolates for the rest of the economy as to the condition of the economy 'as a whole.' The number are accurate from the base, but the extrapolation may be way off.

I suspect if the US lets Iraqis themselves determine how their economy will go ( they leave businesses and producers alone, that is) Iraq will most likely embarass the living sh*t out of both these sorry organiations.

It is something to hope for at least.
Posted by badanov  2003-10-11 3:04:58 PM|| [http://www.rkka.org]  2003-10-11 3:04:58 PM|| Front Page Top

#2 Ain't our fault they keep blowing up their own pipelines.
Posted by Tom 2003-10-11 7:30:23 PM||   2003-10-11 7:30:23 PM|| Front Page Top

#3 Where did the older figures come from? Perhaps they come from a dictatorial government with an iron hand on everything? Perhaps that goverment -- like all the others of its type before -- inflated the figures to make things look better than they really were?

No, no... that can't be it.
Posted by Robert Crawford  2003-10-11 10:32:14 PM|| [http://www.kloognome.com]  2003-10-11 10:32:14 PM|| Front Page Top

01:19 Earthquake McGoon
01:15 Earthquake McGoon
00:02 Not Mike Moore
23:57 tu3031
23:53 tu3031
23:53 Not Mike Moore
22:56 Super Hose
22:47 Super Hose
22:35 Robert Crawford
22:32 Robert Crawford
21:58 Bobber
21:35 Frank G
21:06 Chuck
20:18 Frank G
20:04 Super Hose
20:04 Frank G
19:37 Tom
19:30 Tom
19:02 Chuck
18:54 Anonymous
18:44 Bulldog
18:15 Frank G
17:47 Zhang Fei
17:41 CrazyFool

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