GDP growth

The outcome of the forthcoming general elections is wide open, and Iraq’s political scene could change considerably in a short time. But, whatever its shape and color, the government that takes power will have to address serious medium-term economic challenges. In one way or another, these challenges all relate to oil – and it is difficult to see how it could be otherwise, as Iraq is already one of the largest oil producers in the world and the third largest exporter after Saudi Arabia and Russia.