Iraq: Deadlock and demos

Country Views
Iraq: Deadlock and demos
  • Finding a new Iraqi government is at an impasse and will be for the foreseeable future following the former prime minister-designate's resignation on 1 March, hours after he failed to get his Cabinet approved by the parliament. 
  • We see Iraq stuck in a cycle whereby another appointed prime minister is likely to choose a Cabinet that meets the demands of the political establishment, Iraq's clerics and proxy-power Iran, but not those of the protesters for change. 
  • Coronavirus (COVID-19) is a major threat to the Iraqi economy, particularly via its impact on the dominant, China-focused oil trade. Saudi Arabia's sudden move to flood oil markets -- sinking the price of oil -- could deal a serious blow to economic growth. 

 

Florence Eid-Oakden, Ph.D, Chief Economist

Charlene Rahall, Senior Analyst

Leila Lajevardi, Analyst

The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.

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