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The International Monetary Fund (IMF) said on Tuesday that it expects a decline in Iraq’s GDP in 2023 and 2024, as a result of lower oil production, due to the closure of the pipeline between the country and Türkiye, and OPEC+ production cuts. A report by the Fund said that Iraq’s “large” financial expansion in the three-year budget law poses major risks to financial and external sustainability in the medium term.
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