Macro - Country Economic Forecasts - Iraq
We've raised our 2024 GDP growth forecast for Iraq by 0.6ppts to 2.5%. We mainly attribute our upward revision to the overproduction of oil since January, supported by expansionary fiscal policy. But we've lowered our forecast for 2025 to 2.8% from 3.6%, to reflect the recent extension of the voluntary 220 tb/d cut, pledged until the end of November. We expect Iraq will phase out the cuts gradually from December to end-2025.
- Iraq: Overproduction of oil will support the rebound in 2024
- 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
Research Assistance
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