The World Bank predicted, on Sunday, that Iraq will achieve economic growth of more than 5% in 2026, noting that the recovery in the oil sector in 2025 will contribute significantly to boosting this growth.
In its report, the bank reported that “Iraq’s economic growth for 2022 reached 7.6%, and in 2023 it fell to -2.9%.”
The report also predicted that Iraq’s economic growth in 2024 will decline to -0.3%, and achieve growth in 2025 to 3.8%, and in 2026 to reach 5.3%.
The report noted that non-GCC oil exporting countries, such as Iraq and Algeria, will benefit from the expected recovery in the oil sector in 2025, which will help boost economic growth in these countries.
