Fallout from Iran's actions were to an extent priced in by markets
Ten years after the launch of the US war on Iraq, the IMF said the country had been successful at maintaining macroeconomic stability despite a difficult political and security environment.
The economy grew around eight per cent last year underpinned by rising oil production and “robust” non-oil activity.
Growth should pick up again this year as oil output was predicted to gain about 10 per cent to 3.3 million barrels a day.
The IMF said Baghdad needed better controls of state spending, including ending off-budget disbursements, and it urged its central bank to step up bank monitoring and slowly liberalise the forex market.
Fallout from Iran's actions were to an extent priced in by markets
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Roads were shut and stern warnings were issued as the country experienced extreme weather conditions