Iraq Faces 12% Economy Drop Due to Strait Closure
The European Bank for Reconstruction and Development expects Iraq's economy to experience a sharp contraction of up to 12% this year, due to the continued closure of the Strait of Hormuz and its direct impact on oil exports. This has increased financial pressures on the country amid a broad economic slowdown affecting many emerging markets in the region.
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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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