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The International Monetary Fund has predicted a decline in Iraq’s economic growth. Iraq’s GDP is set to decline due to OPEC+’s decision of cutting oil production and Turkish pipeline interruptions. Yet, the IMF is positive about Iraq’s potential growing non-oil sectors through continued budget execution and predicted inflation stabilization. 

Iraq’s economic growth to decline in 2023, 2024 due to oil production cuts: IMF

The International Monetary Fund has predicted a decline in Iraq’s economic growth. Iraq’s GDP is set to decline due to OPEC+’s decision of cutting oil production and Turkish pipeline interruptions. Yet, the IMF is positive about Iraq’s potential growing non-oil sectors through continued budget execution and predicted inflation stabilization. 

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