Arab Monetary Fund raises its forecast for the growth of the Iraqi economy by 2019 and 2020

Arab Monetary Fund raises its forecast for the growth of the Iraqi economy by 2019 and 2020

10 April 2019 3:21 PM

Arab Monetary Fund raises its forecast for the growth of the Iraqi economy by 2019 and 2020Mubasher: The Arab Monetary Fund raised its forecast for the growth of the Iraqi economy during the current year and next year.

The IMF, according to a report issued on Wednesday on the prospects of the Arab economy for 2019 and 2020, predicted the growth of the Iraqi economy at constant prices by 3.8% this year, compared to a contraction of 1% last year.

The IMF forecast that the growth rate will continue to rise in 2020 to 4.4%.

At the level of inflation in the country, the Arab Monetary Fund expected to reach 1.5% in 2019, to rise from 2018, which reached 0.4%, and expected to continue to rise about 1.7% next year.

The IMF forecasts that the current account will grow by 8.3% in 2019 and 8% by 2020.

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