Baghdad (IraqiNews.com) – The International Monetary Fund (IMF) anticipated on Thursday that Iraq’s economy will grow by 3.6 percent in 2026, owing to improving regional economic performance and increased investment and output levels.
The IMF’s predictions were included in its report titled ‘Regional Economic Outlook for the Middle East and North Africa.’ The report emphasized the different growth rates among countries, which are influenced by fluctuations in economic conditions and monetary policies.
The report mentioned that Sudan is expected to be the fastest-growing country in the region, with a growth rate of 9.5 percent, followed by Qatar with 6.1 percent, the United Arab Emirates with five percent, and Egypt with 4.5 percent, Shafaq News reported.
Mauritania’s growth rate is projected to be 4.3 percent, followed by Morocco at 4.2 percent, and Saudi Arabia and Oman at four percent each.
The economies of Kuwait and Bahrain are predicted to expand by 3.9 percent and 3.3 percent, respectively. Algeria and Jordan’s economic growth is anticipated to increase at a similar pace of 2.9 percent, with Tunisia trailing behind at 2.1 percent.
The IMF stated that these projections are subject to prolonged oil price stability, better non-oil activity, and the implementation of economic and structural reforms aiming to increase productivity and diversify sources of income in the region.
