“According to its latest World Economic Outlook, real GDP is expected to grow by 0.5 percent this year (up from a fall of 0.2 percent estimated in April), and 3.6 percent next year (vs 1.4 percent previously). Inflation estimates have been reduced from 2.5 percent to 1.5 percent, and from 2.7 percent to 2.5 percent, respectively.” Now we’re talking. The IMF hasn’t exactly been the harbinger of good news of late but this has teeth and WILL have an effect on the decision to revalue the currency. These numbers are excellent and we need more of the same in the coming year to guarantee a revaluation…This…is a rosy report from the IMF. It is nice to hear that Iraq is making progress and has the support of the IMF.
