The International Monetary Fund (IMF) has revised its forecasts, considering the ongoing conflict in the Middle East.
According to its latest World Economic Outlook, it forecasts a 6.8-percent contraction in Iraq’s GDP this year due to regional conflict, oil export disruptions, and potential infrastructure damage.
For 2027, it expects a dramatic recovery of 11.3 percent.
The full report is not yet released, but summaries and data can be accessed here.
