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
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