The Economist: Iraq is among the fastest growing economies in the Middle East in 2023
The Economist: Iraq is among the fastest growing economies in the Middle East in 2023
2022-12-12 00:28
Shafaq News/ A report by the Economic Intelligence Unit of the English Economist Group showed, on Monday, that Iraq is among the most economically developing countries in the Middle East for the year 2023, while it expected inflation to reach about 4.8 percent.
According to the group, which indicated in its report “Middle East Prospects 2023″, which was seen by Shafaq News Agency, “The countries of the Gulf Cooperation Council and Iraq will benefit to the maximum extent from the developments of the international energy market in 2023, as the countries of the Gulf Cooperation Council witnessed an increase in oil and gas revenues, which Help drive business activity in the non-energy sectors.”
And she added, “Iraq will witness economic growth in 2023 with Turkey, the UAE and Qatar, reaching more than 4 percent, outperforming Saudi Arabia and the rest of the other countries in the Middle East, while economic growth in Yemen will witness zero, 2 percent in Iran and 2.8 percent in Egypt.”
And she expected that “the inflation rate in 2023 in Iraq will reach a rate of 4.8 percent, while Lebanon will be at the forefront of the countries with the highest inflation in the Middle East for the year 2023 at a rate of 167 percent, in Syria 63 percent, in Yemen 39 percent, and in Turkey 34 percent,” indicating that less ” Inflation will go to Saudi Arabia at a rate of 2.8 percent.
shafaq.com
