Iraq: Growth despite the odds

Country Views
Iraq

After almost two decades of volatility, Iraq seems to be on the road to recovery, albeit with hurdles ahead. Growth is promised for 2021 and 2022 following a steep contraction in 2020, with oil remaining the primary driver behind Iraq’s development. This week, we look at how: 

  • The energy sector is the key facilitator of FDI contracts in Iraq.
  • The winner of the parliamentary elections, Muqtada al-Sadr, is now vying for a majority. Drawn out negotiations among the various factions are almost inevitable.

  • Iranian-backed groups suffered major losses in the recent parliamentary elections, violence could ensue in the coming days and weeks.

Florence Eid-Oakden, Ph.D, Chief Economist

Leila Lajevardi, Abdelgadir Shukri, 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.

To access this report, please click here.

 

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