The World Bank expected a slowdown in the rate of economic growth in Iraq during the years 2023 and 2024.
The bank said in a report, which the National News Center viewed, that “the growth rate is expected to slow down in the Middle East and North Africa region, to reach 3.5% in 2023 and 2.7% in 2024,” noting that “the slowdown is due to the decline in the boom that achieved by the oil-exporting countries, as growth is expected to slow down from 6.1% in 2022 to 3.3% in 2023 and 2.3% in 2024.
He indicated that it is expected that "growth in Iraq will slow down to 4% in 2023 and to 2.9% in 2024, i.e. less than pre-pandemic levels," noting that it is likely that "a shortage of water and electricity supplies, in addition to what the country is witnessing, will The state of political instability and violence hindered its efforts to achieve stronger growth rates.
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