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وكالة موازين نيوز
Source: وكالة موازين نيوز
1 Dayوكالة موازين نيوز
Source: وكالة موازين نيوز
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Fitch affirmed Iraq’s long-term sovereign credit rating at “B-” with a stable outlook. It forecast that the economy would contract by 9% in 2026, followed by 17.7% growth in 2027 as oil production recovers. Fitch attributed the pressures to heavy reliance on oil, weak governance, political risks and limited flexibility in spending. It expects oil production to rise to 4.4 million barrels per day in 2027, while the budget deficit is forecast to widen to 6.5% of GDP in 2026 before narrowing to 0.5% the following year. The agency also noted that foreign reserves had fallen to $81 billion by the end of October, and forecast that inflation would decline to 3% in 2027. Meanwhile, Iraq’s discussions with the International Monetary Fund on an Extended Fund Facility remain at an early stage.
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