Tag Archives | Growth

Market Review: “IMF Revises Growth Estimates Higher”

By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The market’s action in July was so quiet that it turned activities like watching paint dry into spectator sports, as the start of the peak […]

IMF: Non-Oil Growth to Increase to 5.4%

IMF Staff Completes 2019 Article IV Mission on Iraq An International Monetary Fund (IMF) team led by Gavin Gray visited Amman from April 26 to May 2, to hold discussions with the Iraqi authorities in the context of the 2019 Article IV Consultation. At the end of the visit, Mr. Gray made the following statement: […]

Iraq GDP Growth to Hit 8.1%

By John Lee. A new report from the World Bank Group forecasts real GDP growth (at constant market prices) of 2.8 percent this year in Iraq, increasing to 8.1 percent next year: Iraq’s economy is gradually picking up following the deep economic strains of the last four years. Real GDP is estimated to have grown […]

Economy to Grow 1.5% in 2018, 4.5% in 2019

By John Lee. The Iraqi economy is forecast to grow 1.5 percent in 2018, according to a report from BMI Research, a unit of rating agency Fitch. It goes on to predict that the economy will jump 4.5 percent in 2019 as a result of reconstruction efforts. (Source: MENAFN)

Sharp Recovery in Non-Oil GDP Predicted

By John Lee. The International Monetary Fund (IMF) has predicted average growth of 3.1 percent annually in Iraq’s non-oil real GDP until the end of 2022. This compares to an average fall of 7.2 percent per annum from 2014 to 2016, following the insurgency by the Islamic State group (IS, ISIS, ISIL, Daesh). It also […]

IMF Revises Down GDP Forecast

By John Lee. The International Monetary Fund (IMF) has revised down its forecast GDP growth for Iraq from 0.5 per cent to a contraction of 3.1 per cent this year, due to the oil production cuts agreed within OPEC. Forecasts for 2018 and 2019 are 2.6 percent and 1.6 percent growth respectively. Consumer price inflation […]

IMF Expects 10.6% Growth in 2016

By John Lee. According to a report from the International Monetary Fund (IMF), the external outlook for Iraq has worsened since the latest Article IV consultation assessment (May-June), mainly owing to a further weakening of global oil prices. The analysis finds: “Lower capital spending on the back of falling oil revenue is expected to contract […]

KRI Growth Slows to Under 1%

By John Lee. The General Manager of the Projects Department in the Kurdistan Region’s Ministry of Planning, Zagros Fattah, has said that economic growth in the Kurdistan Region of Iraq is expected to be less than 1 percent this year. This follows growth of 8 percent in 2013 and just under 5 percent in 2014. […]