Iraq News - Local News - Baghdadpost

Arab Monetary Fund expects gradual growth of Iraqi economy

Arab Monetary Fund
Arab Monetary Fund

The Arab Monetary Fund expects that the Iraqi economy will achieve gradual growth in the coming years, taking advantage of the increase in oil production and prices, as well as the improving security situation and stability.

A report by the fund said, "There are many factors that are expected to affect the prospects for economic growth in Iraq beginning in 2019, the most important of which is the continued improvement of internal conditions, which enhances the levels of economic activity in the non-oil sector, while the oil sector will benefit from the expected increase in production volumes beginning next year."

The report added, "The Iraqi economy is expected to achieve a growth rate of 1 percent this year and next year to 4 percent, supported by increases in oil production and the pace of improvement of internal conditions."