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Iraq Business Forecast Report Q3 2013

Iraq Business Forecast Report Q3 2013 - new country guide report published


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2014-02-19 08:15:02 - Iraq Business Forecast Report Q3 2013 - a new country guide report on companiesandmarkets.com

Despite the formation of a government in December 2010, we expect political progress to remain slow and stability fragile. A broken power-sharing agreement and persistent sectarian tensions present key risks.

The Iraqi economy will be among the fastest growing in the world over the coming five years, driven by an aggressive increase in oil production and the start of large-scale infrastructure projects.

Major Forecast Changes

We have revised up our forecasts for real GDP growth, and project the economy to expand 11.2% and 14.5% in 2013 and 2014, respectively, compared with our previous forecast of 11.5% in 2013 and 14.9% in 2014. Moreover, with political instability increasing, risks to the economic outlook remain to the downside.

Key Risks To Outlook

Attacks on oil infrastructure due

 

 

to terrorism or acts of political protest present downside risks to our growth forecasts.

A breakdown of the coalition government could lead to a period of pronounced instability and slower growth.The price of this market report covers 4 quarterly reports on this sector. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.

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