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The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022

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The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022 Empty The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022

Post by RamblerNash Thu Oct 14, 2021 9:05 pm

The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022 29414
 
10/13/2021

Economy News _ Baghdad

The International Monetary Fund expected a significant growth in the Iraqi economy to reach 10.5 percent in 2022, and a decrease in the inflation rate to 4.5 percent.

The fund said in its annual report for the month of October 2021 on its economic forecasts, which was seen by "Al-Iqtisad News", that the gross domestic product is expected to grow significantly, outperforming all oil-producing countries, to reach 10.5 percent, compared to 3.6 percent in 2021 and 15.7. percent in 2020.

The fund added that the inflation rate in Iraq is expected to decrease in 2022 to 4.5 percent from 6.4 percent in 2021 after recording 0.6 percent in 2020.

And the IMF reduced its estimates of the current account balance for Iraq, suggesting that it would decline to 4 percent this year from 6.2 percent, compared to -10.8 percent in 2020.

The Fund reduced its forecast for global growth in 2021 to 5.9 percent from 6 percent in July, while keeping its previous forecast for global growth in 2022 unchanged at 4.9 percent.

The Fund has trimmed its growth estimates for the United States and other major industrial countries this year, noting that supply chain bottlenecks and inflation pressures are constraining the global economy's recovery from the Covid-19 pandemic.

https://economy-news.net/content.php?id=26582
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