Economy / Iraq
If you would like to subscribe to Middle East Monitor, The Gulf and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Middle East Monitor, The Gulf please click on the trial link below.
Macroeconomic Forecast Iraq
May 2007 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Middle East Monitor, The Gulf and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Middle East Monitor, The Gulf please click on the trial link below.
We are forecasting real GDP growth of about 12.5% for 2007, based on oil production rising to 2.15mn b/d and oil prices falling only slightly to US$54.5/bbl. An improvement in oil production and exports between the first and second quarters of 2007 should lead to a stronger oil sector performance in FY07, with exports expected to average 1.55mn b/d - an increase of more than 200,000 b/d on the 2006 levels. We anticipate average production of 2.15mn b/d, at least 250,000 b/d more than the year previously.