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The World Bank expects economic growth in Iraq to reach more than 5% in 2026
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Economy News _ Baghdad
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Added 06/23/2024 - 12:39 PM
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Economy News _ Baghdad
The World Bank expects that Iraq will achieve economic growth of more than 5% in the year 2026, indicating that the recovery in the oil sector in 2025 will work to enhance growth in Iraq.
The bank said in a report seen by Al-Iqtisad News, “Iraq’s economic growth for the year 2022 reached 7.6%, and in 2023 it decreased to - 2.9%.”
He expected Iraq's economic growth to decline in 2024 to reach 0.3%, to achieve growth in 2025 of up to 3.8%, and to achieve growth in 2026 of up to 5.3%.
The bank's report indicated that oil-exporting countries outside the Gulf Cooperation Council will help the expected recovery in the oil sector in 2025 boost growth in Iraq and Algeria.
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Added 06/23/2024 - 12:39 PM
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