Oil alone insufficient warns expert

Economic expert Saleh Rashid confirmed that over-reliance on oil revenues threatens the stability of the Iraqi economy. He pointed out that fluctuations in global energy markets highlight the risks of depending on a single resource. He explained that strengthening the economy requires diversifying sources and enhancing non-oil sectors, as well as developing export outlets as an alternative to traditional dominance. Additionally, addressing corruption is essential, as it hampers reforms and depletes state resources. He warned that the absence of serious reforms could lead to increasing financial challenges in the future.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article