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Real GDP in Iraq is expected to increase by 1.2 percent this year, according to the World Bank's latest Global Economic Prospects report.
This represents a significant reduction on the previous forecast of 3.5 percent growth, issued in January.
The report says:
"In non-GCC oil exporters, current account balances are expected to deteriorate, mainly reflecting lower oil prices and a slowdown in oil exports, with increases in imports in Algeria and Iraq".
Growth projections for 2026 have been revised upwards to 4.4 percent, with 3.1 percent expected in 2027.
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(Source: World Bank)
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