in keeping with the modern day international economic Outlook from the worldwide economic Fund (IMF), Iraq’s economy is forecast to cut back with the aid of 1.5 percent this 12 months. that is a reduction from the 4.1 percentage boom forecast in their October 2024 document. For next years, the corporation predicts a go back to sturdy boom.
Globally, “the landscape has modified,” says the IMF, “as governments round the arena reorder coverage priorities and uncertainties have climbed to new highs. Forecasts for global boom were revised markedly down … reflecting effective tariff costs at ranges now not seen in a century and a especially unpredictable surroundings.”
the resultant fall inside the charge of oil can be seen as a bad for Iraq.
The full report can be downloaded here.
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