Imminent Government Formation Bodes Well For GDP Growth

BMI View: We maintain our positive view on the upside potential for the Iraqi economy after the election result, despite the lack of strong governance since then. We believe that GDP growth, energy sector development and FDI will rise in the medium term, however we remain cautious over the more immediate implications of the protracted government negotiations on national and regional stability. An earlier overview of the basis for this can be found on BMO (BMI View: Bright Growth Outlook Despite Political Impasse, 20 May 2010).

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