Iraq Economic Monitor, Spring/Summer 2023 – Reemerging Pressures: Iraq’s Recovery at Risk (With a Special Focus on Financial Intermediation in Iraq)

Abstract Iraq’s economy continued its recovery after the sharp, pandemic-induced recession in 2020 but growth constraints in the oil sector have reemerged. After moderating in 2022, consumer price inflation ticked up in early 2023, fueled by the depreciation of the Iraqi dinar in the parallel market. Fiscal and external account balances benefitted from the oi

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Iraq: Country outlook. July 31, 2023

POLITICAL STABILITY: Iraq is experiencing an unusual period of relative calm domestically after almost two decades of turmoil, characterised by a notable decrease in political violence and the formation of a comparatively cohesive government led by the prime minister, Mohammed Shia al-Sudani, in October 2022. With support from a majority of parliamentary factions led by the

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