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Shafaq News/ The World Economic Prospects report, issued by the International Monetary Fund, revealed on Monday that the economic growth in Iraq will decline to 4% during 2023 after rising to 9% in 2022.
According to the report seen by Shafak News Agency, "Iraq's economic growth will decline during 2023 to 4% from 9% in 2022 after rising 10.4% in 2021," but the report expected that Iraq's economic growth would rise in 2027 to 5.2% ".
He added that "the highest economic growth that the Arab countries will witness during the year 2023 will be for Libya with a rate of 17.9%, followed by Djibouti with 5%, then Mauritania by 4.8, then Egypt by 4.4%, then the UAE by 4.2%, and then Oman by 4.1%, and then Saudi Arabia comes after Iraq with 3.7%.”
Globally, according to the IMF’s expectations, “the highest rate of economic growth that the countries of the world will witness during 2023 will be the state of Guinea, with a growth rate of 25.2%, followed by Libya.”
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Used clothes market in Baghdad
Iraq's economic growth takes a hit
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Shafaq News/ The World Economic Prospects report, issued by the International Monetary Fund, revealed on Monday that the economic growth in Iraq will decline to 4% during 2023 after rising to 9% in 2022.
According to the report seen by Shafak News Agency, "Iraq's economic growth will decline during 2023 to 4% from 9% in 2022 after rising 10.4% in 2021," but the report expected that Iraq's economic growth would rise in 2027 to 5.2% ".
He added that "the highest economic growth that the Arab countries will witness during the year 2023 will be for Libya with a rate of 17.9%, followed by Djibouti with 5%, then Mauritania by 4.8, then Egypt by 4.4%, then the UAE by 4.2%, and then Oman by 4.1%, and then Saudi Arabia comes after Iraq with 3.7%.”
Globally, according to the IMF’s expectations, “the highest rate of economic growth that the countries of the world will witness during 2023 will be the state of Guinea, with a growth rate of 25.2%, followed by Libya.”
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