VOL. XLII

No. 18

3-May-1999

IRAQ

Gulf War Induced 66% Fall In Iraqi GDP And 50% P/C IncomeDecline Says UN Report

Iraq痴 GDP is estimated to have fallen by two thirds in1991 as a result of the Gulf war and following an 85% decline in oil productionand the devastation of the industrial and services sector. So says the latestreport on humanitarian issues in Iraq submitted to the UN Security Council on30 March by the humanitarian panel. Citing the Economist Iraq country profile(1998-1999), the report...