Economic reports indicate that the Iraqi economy may contract in 2026 due to its heavy reliance on oil exports, which have been directly affected by global fluctuations. Regional tensions are also casting a shadow over foreign investment and infrastructure projects.
Despite government efforts to diversify revenue sources, the economy continues to face significant challenges related to unemployment, a weak private sector, and volatile oil prices. Economists emphasize that the next phase requires structural reforms to strengthen financial stability and achieve sustainable growth.
"The Source:Iraq News
