Iraq to Grow 36% in Three Years

The World Bank says it expects Iraq’s gross domestic product (GDP) to grow by 12.6 percent in 2012, and 10.2 percent in 2013, following a growth of 9.6 percent last year.

If achieved, this would give a compound growth of 36 percent in just three years.

This follows a downward revision of growth expectations for the world as a whole, with the global economy expected to expand 2.5 and 3.1 percent in 2012 and 2013 (3.4 and 4 percent when calculated using purchasing power parity weights), versus the 3.6 percent projected in June for both years.

2 Responses to Iraq to Grow 36% in Three Years

  1. Iraq to Grow 36% in Three Years | Double Clip January 22, 2012 at 5:03 pm #

    […] more articles at iraq-businessnews Economic News, World News […]

  2. JOHNNY BRAVO March 1, 2012 at 5:50 pm #

    Where does that put the revalue process with the Iraqi dinar?

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