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Another expectation of international criticism about the economy of Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Another expectation of international criticism about the economy of Iraq

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Another expectation of international criticism about the economy of Iraq Empty Another expectation of international criticism about the economy of Iraq

Post by RamblerNash on Wed Oct 16, 2019 11:25 pm

Another expectation of international criticism about the economy of Iraq

Another expectation of international criticism about the economy of Iraq Story_img_5da6cf02d49a6

2019/10/16 11:04

The International Monetary Fund raised the growth expectations for Iraq, while reducing them to Saudi Arabia, Iran, Qatar and Kuwait.

"Growth in Iraq, the region's second-largest oil exporter after Saudi Arabia, is expected to rise after its economy contracted by 0.6% last year," the IMF said in its new report, Prospects for the Global Economy.

The IMF lowered its growth forecast for Saudi Arabia and Iran, the two largest economies in the Middle East, on the back of US sanctions, regional tensions and falling oil prices.

The IMF said that Iran's economy is expected to shrink this year by 9.5% amid stifling US sanctions.

Nonetheless, the IMF said Saudi Arabia's economic growth next year is likely to reach a threshold of 2.2 percent, amid expectations that continued reforms in the kingdom will help its non-oil sector gain strength in 2020.

https://alforatnews.com/modules/news/article.php?storyid=215188
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