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Iraq Sixth: The International Monetary Fund expects inflation rates for Arab countries in 2024
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Economy News _ Baghdad
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Added 04/22/2024 - 12:22 PM
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Economy News _ Baghdad
Today, Monday, the International Monetary Fund revealed its expectations for the inflation index for Arab countries for the year 2024, as Iraq ranked sixth among the countries of the region.
According to the Fund’s report, which Al-Eqtisad News reviewed, the inflation index in Sudan was 145.5%, Egypt was 32.5%, and Yemen was 16.9%, as the highest expectations for Arab inflation rates for the current year.
While Algeria ranked fourth in the Arab world with an expected inflation rate of 7.6%, followed by Tunisia in fifth place with an expected inflation rate of 7.4%.
Iraq came in sixth place with 4%, followed by Kuwait 3.2%, Mauritania 2.8%, Jordan 2.7%, Qatar 2.6%, Saudi Arabia 2.3%, and Morocco 2.2%.
While the UAE came at 2.1%, Bahrain at 1.4%, and Oman at 1.3%, achieving the lowest expectations for Arab inflation rates for the current year.
These ratios are affected by several factors, including currency exchange pressures in some Arab countries, fluctuations in energy and food prices, and other factors specific to each country.
Last year, the International Monetary Fund expected that inflation in Arab countries would witness a relatively high rate of 9.3% in 2023, affected by various factors such as the decline in currency exchange rates for a number of Arab countries, and fluctuations in energy and food prices.
However, the report expects inflation to decline to about 3.6% during the current year, and these inflation trends underscore the complex economic landscape in which Arab countries operate and the need for careful policy management.
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Added 04/22/2024 - 12:22 PM
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