Tag Archives | gdp

A more Just, Prosperous and Resilient Iraq can Emerge: UN Envoy

Jeanine Hennis-Plasschaert briefed ambassadors on latest developments, including the appointment last week of new Prime Minister Mustafa al-Kadhimi, and the majority of his 22-member cabinet, following months of political infighting and stalemate. Although the pandemic has quieted months of corresponding protests, which saw Iraqis taking to the streets to call for an end to corruption, […]

IBBC contributes to World Bank Iraq Report

IBBC contributes to World Bank launch and assessment on Iraq Economic Monitor Iraq Economic Monitor - Spring 2020 - Navigating the Perfect Storm. The World Bank has released its latest report on Iraq entitled "Navigating the Perfect Storm" with a special focus on "Laying the Foundations for a New Economy in Iraq: Digital Transformation". See […]

IMF Predicts Strong Recovery for Iraq in 2021

By John Lee. In its latest World Economic Outlook (WEO), the International Monetary Fund (IMF) has forecast a sharp slowdown in Iraq's economy this year, followed be a strong recovery in 2021. It says: "The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. […]

Is another Economic Crisis looming in Iraq?

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Is another economic crisis looming in Iraq, with dropping oil prices? Political and security crises in Iraq have been escalating, and the coronavirus outbreak has recently been added to […]

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: […]

The Challenges Facing the New Government

By Dr. Layth Mahdi. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Challenges Facing the New Government: The End of Iraq or Its Revival The liberation of Iraq has given the country freedom; however this democracy has transformed into chaos with the spread […]

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)

"It’s Not the Donations, Stupid": Key Points from Kuwait Conference

By Ahmed Tabaqchali (pictured), 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. ‘It’s Not the Donations, Stupid’: Key Points from the Kuwait Conference With a few exceptions, the coverage of the “Kuwait International Conference for the […]

IMF: "Iraq is Facing a Double Shock"

On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with Iraq. Iraq is facing a double shock arising from the conflict with ISIS and the plunge in oil prices. In 2016, real GDP increased by 11 percent owing to a 25 percent increase in oil production, which was […]