Macroeconomic Forecast Iraq

Higher oil output and elevated international energy prices will lift the current account, while strong foreign direct investment interest will ensure the financial account remains stable. Political risks remain the key concern, with a potential resurgence of violence and policy stalemate posing downside risks to our forecasts. We have revised up our 2011 current account surplus forecast to 8.4% of GDP, from 2.9% previously.

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