IMF cuts Iraq Growth Forecast for 2025
By John Lee.
According to the latest World Economic Outlook from the International Monetary Fund (IMF), Iraq's economy is forecast to shrink by 1.5 percent this year. This is a reduction from the 4.1 percent growth forecast in their October 2024 report. For subsequent years, the organisation predicts a return to strong growth.
Globally, "the landscape has changed," says the IMF, "as governments around the world reorder policy priorities and uncertainties have climbed to new highs. Forecasts for global growth have been revised markedly down ... reflecting effective tariff rates at levels not seen in a century and a highly unpredictable environment. "
The resultant fall in the price of oil can be seen as a negative for Iraq.
The full report can be downloaded here.
(Source: IMF)
