KRI Growth Slows to Under 1%

By John Lee.

The General Manager of the Projects Department in the Kurdistan Region’s Ministry of Planning, Zagros Fattah, has said that economic growth in the Kurdistan Region of Iraq is expected to be less than 1 percent this year.

This follows growth of 8 percent in 2013 and just under 5 percent in 2014.

He told BasNews that that due to the influx of the refugees and IDPs, the population of Kurdistan region has increased by 29 percent:

“We have received over 1.5 million refugees and internally displaced people (IDP) within just one year, while the EU is seriously concerned over the few thousands of refugees seeking asylum among several developed countries.

(Source: BasNews)

(Growth image via Shutterstock)

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