The World Bank predicts that the Iraqi economy will contract by 12.4% during 2026.
The World Bank predicts that the Iraqi economy will contract by 12.4% during 2026.
10-10-2026
Information/Baghdad…
The World Bank expects the Iraqi economy to contract by 12.4% in 2026, the largest decline since 2003, due to financial pressures and the repercussions of the US-Israeli aggression against Iran, and the accompanying unrest that has impacted the economic situation.
Estimates indicate that the expected contraction will exceed the decline recorded in 2020, when the Iraqi economy shrank by about 12%, amidst increasing challenges facing various economic sectors in the country.
The Ministry of Finance is facing mounting pressure due to the government’s heavy reliance on the oil sector for revenues, coinciding with ongoing regional instability and its impact on economic activity and financial resources, which places the Iraqi economy before significant challenges in the coming period.
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