- The economy is picking up with real GDP estimated to grow by 0.6%.
- Iraq has recently signed several trade agreements with its neighbouring countries.
- Reconstruction effects are ongoing.
- Outlook has improved due to higher oil prices as well as the improving security situation.
- Constraints on capital spending will impede a recovery-driven growth.
- Challenges remain due to political risk, oil dependency and the regional situation.
- Social conditions remain challenging reflecting under investment and weak institutional capacity.
Further details can be found here: http://pubdocs.worldbank.org/en/300251553672479193/Iraq-MEU-April-2019-Eng.pdf
EAME is an environmental and social consultancy operating in Iraq since 2010. EAME provides a range of services which allows international funders, developers, companies and Export Credit Agencies to manage their environmental and social risks in a challenging environment.