International inflation is expected to reach inflation in Iraq to 2% during 2018 and 2019

The International Monetary Fund (IMF) forecast Tuesday that annual inflation in Iraq in 2018 and 2019 will reach 2 percent, while gross real GDP growth for the year 2019 will reach 6.5 percent.

“Annual consumer price inflation in Iraq during 2018 and 2019 is expected to be 2 percent, up from 0.1 percent in 2017, and 14 percent between 2000 and 2014,” the IMF said in a report.
“Total gross annual real GDP growth in 2019 is about 6.5 percent, while in 2018 it will be around 1.0 percent, while growth in 2016 was about 13.1 percent,” the IMF said.

“The total balance of the government’s total gross domestic product (GDP) in 2019 is expected to reach 3.8 percent, while in 2018 it will reach 5.6 percent, after falling to 14.3 percent in 2016,” the IMF said.

The International Monetary Fund (IMF) is a specialized agency of the United Nations Bretton Woods system, established under an international treaty in 1944 to promote the integrity of the world economy. The Fund is headquartered in Washington, DC, and is administered by its members, covering almost all the world’s 189 countries.

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