World Bank - REPUBLIC OF IRAQ Key conditions and challenges, Recent developments, Outlook
Iraq’s economic outlook is mired by significant downside risks that call for accelerated implementation of structural reforms.
These include: a potential decline in the oil price, a worsening COVID-19 crisis due to the spread of new variants, a deterioration in security conditions, the intensification of climate change shocks and additional macroeconomic volatility.
Averting or mitigating the impact of downside risks depends on the policies of the future government and commitment to comprehensive reforms in line with those envisioned in the GoI White Paper.
Progress on regional economic integration together with an improved security environment could provide new momentum for growth and diversification.