Iraq’s economy projected to shrink in 2026
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Baghdad (IraqiNews.com) – The Trade and Economic Research Centre (TREC) of the Iraqi Ministry of Trade projected that the country will face significant challenges due to regional developments, given Iraq’s heavy reliance on revenues generated from oil exports.
According to research released by the TREC amid growing regional tensions and their impact on Iraq, the country’s economy is expected to shrink in 2026, owing to declined oil output and export levels.
Iraq’s oil exports fell sharply
According to research released by the TREC amid growing regional tensions and their impact on Iraq, the country’s economy is expected to shrink in 2026, owing to declined oil output and export levels.
Iraq’s oil exports fell sharply
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