International monetary forecast a sharp slowdown in the Iraqi economy this year and a strong recovery next year

by **claud39** Wed Apr 15, 2020 9:01 am

International monetary forecast a sharp slowdown in the Iraqi economy this year and a strong recovery next year

04/15/2020

International monetary forecast a sharp slowdown in the Iraqi economy this year and a strong recovery next year 20170

Economy News _ Baghdad

The International Monetary Fund expected, on Wednesday, a sharp slowdown in the Iraqi economy this year, followed by a strong recovery next year.

The fund said in a report for the month of April that it is expected that "there will be a sharp slowdown in the Iraqi economy this year, followed by a strong recovery in 2021."

He added that "Iraq increased its real GDP in 2019 to 3.9%, but it is expected that this year will decrease by 4.7%, while next year 2021 will grow significantly by 7.2%."

He expected that "consumer price inflation in Iraq will reach 0.8% in 2020 and 1.0% in 2021."

He pointed out that "the pandemic of COVID-19 will cause human costs to rise and rise all over the world, and the necessary protection measures severely affect economic activity."

He noted that "as a result of the epidemic, the global economy is expected to contract sharply by -3% in 2020, which is much worse than it was during the 2008-2009 financial crisis."

http://economy-news.net/content.php?id=19794

by **claud39** Sat Apr 18, 2020 8:50 am

THE MOST PROMINENT EXPECTATIONS OF THE INTERNATIONAL MONETARY FUND FOR THE ECONOMIES OF ARAB COUNTRIES 2021

(Al-Dustour) -18/04/2020

International monetary forecast a sharp slowdown in the Iraqi economy this year and a strong recovery next year %D8%A3%D8%A8%D8%B1%D8%B2-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-2021

The International Monetary Fund expects a sharp contraction in the economy this year, but is optimistic about the recovery of the world's economies, including Arab, in 2021.

The fund has lowered its forecast for global economic growth this year in light of the uncertainty associated with the spread of the emerging corona virus in the world.

In April's Global Economic Prospects report, the IMF said that Coved 19 had caused high and high human costs worldwide, and isolation measures were severely affecting economic activity.

"Assuming that the epidemic will fade in the second half of 2020 and that stimulus measures around the world are effective, we expect global growth in 2021 to rise partly to 5.8%," said IMF chief economist Geeta Gopinath.

With regard to the fund's expectations for the Arab region for the year 2021, the data showed that Iraq will top the Arab countries in terms of economic growth, as its economy will rise next year by 7.2%, after falling this year by 4.7%.

Iraq is second only to Algeria, and according to a fund, the Algerian economy will grow in 2021 by 6.2%, after declining in 2020 by 5.2%.

In third place, Qatar will grow by 2021 by 5%, after a contraction in 2020 by 4.3%, and then by Morocco with a growth of 4.8%.

As for Saudi Arabia, it will grow in 2021 by 2.9%, to rank in the Arab countries in terms of growth in the tenth position, and it is surprising in the report that Egypt, the only Arab country that is expected to grow in 2020, will rank 11th in the list and grow in 2021 by 2.8%.

The following table shows the ranking of Arab countries in terms of growth next year:

https://uabonline.org/%d8%a3%d8%a8%d8%b1%d8%b2-%d8%aa%d9%88%d9%82%d8%b9%d8%a7%d8%aa-%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d9%84%d9%86%d9%82%d8%af-%d8%a7%d9%84%d8%af%d9%88%d9%84%d9%8a-%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7/