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Economy in Iraq

  • When Will the Middle East Settle Down?

    AFGHANISTAN, 2015/06/08 Sigmund Freud suggested that psychoanalysis could convert one’s neurotic misery to everyday unhappiness. Leaping to geopolitics from psychoanalysis leads to the question of at the same time as the Middle East will be converted from massive chaos to everyday turmoil. Thinking about that reminds me of one of my favorite New Yorker cartoons. An significant executive is sitting at his mammoth desk and barking into the phone, “How about at no time? Is at no time any minute at this time enough?” Is “at no time” at the same time as the Middle East settles down? In the case of the Middle East, at no time is probably too long a time. But don’t expect any return to conventional states and normal inter-national relations for the next two decades at the earliest. Additional likely, it will be closer to fifty years.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Economic growth in Iraq to average 10.3% annually between 2013 and 2017

    IRAQ, 2013/07/28 Business Monitor International revised downward Iraq's real GDP increase to 10.5% in 2013 and 10.7% in 2014, from previous forecasts of 11.2% and 14.5%, respectively, due to lower oil export increase over the coming quarters. It anticipated that oil exports will remain a key increase driver of the economy, along with private consumption. It expected economic output to average 10.3% between 2013 and 2017, making Iraq the fastest growing economy in the MENA region in the covered period.

  • Growth, good jobs and governance - the re-development of Iraq

    IRAQ, 2012/12/08 As the World Bank prepares a full Country Partnership Strategy for Iraq, Special Representative Marie-Hélène Bricknell reflects on the specific challenges of working in a post-conflict environment A little extra than a year ago, when Marie-Hélène Bricknell arrived in Iraq to establish a permanent presence for the World Bank, sirens in the "Green Zone" warning of incoming missiles wailed through the night.
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