S & P announces its forecasts for Iraq and talks about economic pressures due to political tensions in 2018

S & P announces its forecasts for Iraq and talks about economic pressures due to political tensions in 2018

2018/02/24 15:07

S & P announces its forecasts for Iraq and talks about economic pressures due to political tensions in 2018Baghdad today – follow-up

Standard & Poor’s Ratings said on Saturday that its rating of Iraq at B- / B “with a stable outlook.

“The stable outlook reflects expectations that the fiscal deficit will be modest over the next few years,” the agency said.

“It expects the prospects for Iraq’s economic growth to be put under pressure by domestic political tensions, production quotas imposed by the OPEC agreement and restrictions on government spending,” she said.

“Iraq’s GDP is expected to grow 1.9 percent in 2018 in line with production cuts in 2017-2018 before rising 2.5 percent in 2019 as oil production recovers,” the agency said.

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