IMF expects Iraq’s economy shrinking 2.7% in 2014

IMF expects Iraq’s economy shrinking 2.7% in 2014 IMF said on Monday that it was unlikely that Iraq’s economy will contract by 2.7 percent this year, the first contraction since the US-led invasion in 2003, and after that the organization of the Islamic state dominated the vast expanses of Iraq, one of the major oil-exporting countries. Showed regional economic outlook for the IMF that the current economic slowdown comes after GDP growth […]