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In the World Bank report on Iraq and its outlook for the coming years
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The World Bank has released its report on Iraq and its outlook for the coming years
.
Growth is expected to continue its positive track and peak at 5.1 per cent in 2020.However, growth is expected to slow to 2.7 per cent in 2021.
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2. Higher spending with lower oil prices will lead to an expected fiscal deficit of 3.3 per cent of GDP in 2020 and will remain in a similar range in 2021. The persistent fiscal deficit is expected to raise public debt to more than 48 per cent of GDP. GDP by 2021.
3. Lower oil prices and increased imports will keep the current account balance in deficit, with GDP expected to average 4 per cent over the period 2020-2021. This is expected to be financed in part by the accumulation of previous international reserves. As a result, it is expected that the foreign reserves of the Central Bank of Iraq is reduced to an estimated 51 billion US dollars (or 5.7 months of imports) by the year 2021.
As the report set of challenges facing Iraq , namely:
* fragile political environment
* total dependence on Oil revenues
* Lack of services, corruption and lack of jobs
[You must be registered and logged in to see this link.]
Follow “احات التحريرÇ التحرير Çá التحرير التحريرÑíÑ”
The World Bank has released its report on Iraq and its outlook for the coming years
.
Growth is expected to continue its positive track and peak at 5.1 per cent in 2020.However, growth is expected to slow to 2.7 per cent in 2021.
[You must be registered and logged in to see this image.]
2. Higher spending with lower oil prices will lead to an expected fiscal deficit of 3.3 per cent of GDP in 2020 and will remain in a similar range in 2021. The persistent fiscal deficit is expected to raise public debt to more than 48 per cent of GDP. GDP by 2021.
3. Lower oil prices and increased imports will keep the current account balance in deficit, with GDP expected to average 4 per cent over the period 2020-2021. This is expected to be financed in part by the accumulation of previous international reserves. As a result, it is expected that the foreign reserves of the Central Bank of Iraq is reduced to an estimated 51 billion US dollars (or 5.7 months of imports) by the year 2021.
As the report set of challenges facing Iraq , namely:
* fragile political environment
* total dependence on Oil revenues
* Lack of services, corruption and lack of jobs
[You must be registered and logged in to see this link.]
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