Sunday, May 6, 2018


Tishwash:  The IMF expects non-oil GDP to grow in Iraq's economy

Economy News Baghdad:

The International Monetary Fund (IMF) forecasts non-oil GDP growth in Iraq in 2018 and 2019 due to the reconstruction of Iraq.

The International Monetary Fund said in a report, "Regional Economic Outlook" seen by the "economy News", "The non-oil GDP in Iraq will grow during the years 2018 and 2019 because of the reconstruction of Iraq," noting that "was lowered forecasts of oil GDP in 2018 In most of the GCC countries and Iraq compared to last October, due to the decrease in oil production in line with the extension of the work of the OPEC agreement. "

"For 2019, postponement of the date of termination of the agreement means that the growth of oil GDP will increase at a faster rate than expected in October, especially in the GCC," he said, adding that "in Iraq, the improvement in non-oil activity to overcome the vulnerability Which hit the growth of oil GDP under the OPEC agreement. "

"Iraq is expected to introduce selective sales taxes and taxes on some goods and services in 2018, but countries in the region can make more efforts to mobilize non-oil revenues," he said link

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