real GDP in Iraq is expected to boom through 1.2 percent this 12 months, consistent with the sector financial institution’s state-of-the-art global monetary prospects record.
This represents a sizable reduction on the previous forecast of three.5 percent boom, issued in January.
The report says:
“In non-GCC oil exporters, cutting-edge account balances are anticipated to go to pot, especially reflecting lower oil charges and a slowdown in oil exports, with will increase in imports in Algeria and Iraq”.
boom projections for 2026 had been revised upwards to 4.four percent, with 3.1 percentage predicted in 2027.
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