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The International Monetary Expects Significant Growth In The Iraqi Economy In 2022


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The International Monetary Fund Expected A Significant Growth In The Iraqi Economy To Reach 10.5 Percent In 2022, And A Decrease In The Inflation Rate To 4.5 Percent.

The Fund Said In Its Annual Report For The Month Of October 2021 On Its Economic Outlook, Which Was Seen By Al-Ahd News, That “The Gross Domestic Product Is Expected To Grow Significantly, Outperforming All Oil-Producing Countries, To Reach 10.5 Percent, Compared To 3.6 Percent In 2021 And- 15.7 Percent In 2020.”

 
The Fund Added That "The Inflation Rate In Iraq Is Expected To Decrease In 2022 To 4.5 Percent From 6.4 Percent In 2021, After It Recorded 0.6 Percent In 2020".

The IMF Lowered Its Estimates For The Balance Of Iraq's Current Account, Suggesting "It Will Decline To 4 Percent This Year From 6.2 Percent, Compared To -10.8 Percent In The Year 2020".

The Fund Reduced Its Forecast For Global Growth In 2021 To 5.9 Percent From 6 Percent In July, While Keeping Its Previous Forecast For Global Growth In 2022 Unchanged At 4.9 Percent.

The Fund Has Trimmed Its Growth Estimates For The United States And Other Major Industrial Countries This Year, Noting That Supply Chain Bottlenecks And Inflation Pressures Are Constraining The Global Economy's Recovery From The Coronavirus Pandemic.

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 2021-10-13 05:47
 

Shafaq News/ The International Monetary Fund expected a significant growth in the Iraqi economy to reach 10.5 percent in 2022, and a decrease in the inflation rate to 4.5 percent.

The fund said in its annual report for the month of October 2021 on its economic outlook, which was seen by Shafak News Agency, that the gross domestic product is expected to grow significantly, outperforming all oil-producing countries, to reach 10.5 percent, compared to 3.6 percent in 2021 and 15.7 percent in year 2020.

The fund added that the inflation rate in Iraq is expected to decrease in 2022 to 4.5 percent from 6.4 percent in 2021, after recording 0.6 percent in 2020.

And the IMF reduced its estimates of the current account balance for Iraq, suggesting that it would decline to 4 percent this year from 6.2 percent, compared to -10.8 percent in 2020.

The Fund reduced its forecast for global growth in 2021 to 5.9 percent from 6 percent in July, while keeping its previous forecast for global growth in 2022 unchanged at 4.9 percent.

The Fund has trimmed its growth estimates for the United States and other major industrial countries this year, noting that supply chain bottlenecks and inflation pressures are constraining the global economy's recovery from the Covid-19 pandemic.

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Wednesday October 13, 2021 | 01:10 PM| Number of readings: 44

 

The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022


The International Monetary Fund expected significant growth in the Iraqi economy to reach 10.5 percent in 2022, and a decrease in the inflation rate to 4.5 percent .

The fund said in its annual report for the month of October 2021 on its economic forecasts that the gross domestic product is expected to grow significantly, outperforming all oil-producing countries, to reach 10.5 percent, compared to 3.6 percent in 2021 and 15.7 percent in 2020 .

The fund added that the inflation rate in Iraq is expected to decrease in 2022 to 4.5 percent from 6.4 percent in 2021, after recording 0.6 percent in 2020 .

The IMF lowered its estimates of the current account balance for Iraq, suggesting that it would decline to 4 percent this year from 6.2 percent, compared to -10.8 percent in 2020 .

The Fund reduced its forecast for global growth in 2021 to 5.9 percent from 6 percent in July, while keeping its previous forecast for global growth in 2022 unchanged at 4.9 percent .

The Fund has trimmed its growth estimates for the United States and other major industrial countries this year, noting that supply chain bottlenecks and inflation pressures are constraining the global economy's recovery from the Covid-19 pandemic.

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 2021-10-20 05:06
 

Shafaq News/ The Ministry of Planning confirmed, on Wednesday, that economic growth in Iraq is affected by the volume of annual revenues and political and security stability.

 

Ministry spokesman Abdul-Zahra Al-Hindawi said in an interview with Shafaq News Agency that "growth is affected by multiple circumstances, including the increase in the volume of revenues and political and security stability," noting that "this stability would encourage investment operations in the country and the implementation of projects." 

 

He added that "the implementation of these projects, there will be financial revenues that cover or meet the requirements for the implementation of investment projects," noting that "the more the number of implemented projects and the progress in the rates of implementation and completion will certainly reflect on the rate of economic growth and the higher the ratio."

 

Al-Hindawi pointed out that "Iraq has reached, earlier in the past years, a growth in the gross domestic product between 7 to 8%."

 

The International Monetary Fund expected significant growth in the Iraqi economy to reach 10.5 percent in 2022, compared to 3.6 percent in 2021 and 15.7 percent in 2020, and also expected a decrease in the inflation rate to 4.5 percent.

 

Iraq is experiencing political tensions resulting from the rejection of the results of the early parliamentary elections that took place on October 10, by political forces and influential Shiite factions, which raises fears of an outbreak of violence in the country.

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