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Analysis by Region - Emerging Markets - Iraq

Publisher Oxford Economics
Published Jul 01, 2025
Length 6 Pages
SKU # OFE20204925

Description

We've lowered our 2025 GDP growth forecast for Iraq by 0.9ppts to 0.3%. The revision primarily reflects base effects from higher-than-expected oil production output in 2024. While the recent Israel-Iran conflict has disrupted regional air travel and may weigh on tourism revenues and supply chains, we anticipate these impacts will remain modest and temporary.

Table of Contents

6 Pages
Iraq: Lower near-term GDP outlook due to reduced oil production
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Medium-term prospects
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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