The International Monetary Fund (IMF), in its latest report, has revised upward its projections for Iraq’s economic growth, announcing that the country’s economy is expected to grow faster than previously anticipated.

This comes at a time when the overall forecast for the Middle East and North Africa (MENA) region has seen a significant downward revision.

Iraq: A Bright Spot in a Fragile Region

According to the report, Iraq’s projected economic growth rate has been raised to 3.6%, up from the 2.2% forecast made in April. In contrast, the average growth rate for all countries in the MENA region has dropped sharply, from 4% to just 0.3%. This positions Iraq as a relatively strong performer in an otherwise weakening regional economic landscape.

 Sudan: Fastest-Growing Economy in the Region

The report also highlights Sudan’s rapid economic growth, attributing it to the halt in conflict and the resumption of international aid and cooperation. Sudan’s economy is now projected to grow by 9.5%, placing it at the top of the regional growth rankings. This is a dramatic improvement from the previous forecast of just 0.7%.

 Global Outlook and Inflation Concerns

On a global scale, the IMF forecasts a 3% growth rate for the world economy in 2025, maintaining its projection of 3.1% for 2026. However, the Fund has also issued a warning about rising inflation rates, signaling potential risks to economic stability worldwide.