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International Monetary Fund: Iraq's GDP growth over the next 5 years


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International Monetary Fund: Iraq's GDP growth over the next 5 years

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 Economie

 

 Today, 12:28
 


Baghdad - conscious

Today, Monday, the International Monetary Fund expected the real GDP growth for Iraq over the next five years.

The fund stated, in a chart published on its website, and followed by the Iraqi News Agency (INA), that "the real gross domestic product of Iraq will rise during the next five years," noting that "the annual rate for the current year will reach 9.5 percent."

The fund added, "The ratio will decline to 5.7 in the next year, while the year 2024 will witness Iraq achieving a growth rate of 2.7 percent in GDP, to decline in the year 2025 to 2.6 percent on an annual basis, to stabilize there in the year 2027."

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The World Bank expresses its concerns about the recession in the global economy

  • Today 15:17

The World Bank expresses its concerns about the recession in the global economy

Information / follow up..

The President of the World Bank, David Malpass, today expressed his concerns about a worsening global economic recession.

Malpass said during a press statement that the global recession may continue beyond 2023, adding that a strong dollar is one of the main components that support the US financial markets.

Earlier, World Bank President David Malpass said today that the lack of progress by the world's largest economies in relieving the debt burden of the poorest countries while increasing borrowing costs will exacerbate poverty and instability rates.

Malpass added in a TV interview that debt relief is of great importance to the world because interest rates are rising. The head of the World Bank Group explained that debt was already very stressful, and now countries are suffering from currency devaluation, which is causing inflation.” End/25S

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