IMF Sees Iraq’s Growth At 9% In 2013
The IMF expects Iraqi economic growth, which remained strong at about 8% in 2012, to accelerate to 9% in 2013 as oil production increases from just under 3mn b/d in 2012 to 3.3mn b/d in 2013.
At the conclusion of its Article IV consultation with Iraq, the IMF said that despite a difficult security and political environment, the country managed to maintain macroeconomic stability over the past two years.
Inflation in 2012 was...