The IMF forecasts that Iraq’s GDP growth will slow down in 2023-2024 due to reduced oil output, influenced by the closure of the Iraqi-Turkey pipeline and OPEC+ production cuts. Iraq’s inflation, which peaked at 7% in January, is expected to stabilize, aided by the central bank’s tighter monetary policy and other factors. However, Iraq’s fiscal balance is projected to move from a surplus to a deficit, with the deficit expected to widen in 2024 due to increased public spending.