international rating reflects a look contrary to expectations and negative for the fiscal deficit and the economy in Iraq

An international rating that reflects a view that is contrary to expectations and a negative one about the fiscal deficit and the economy in Iraq
 Twilight News    
 47 minutes ago

The ratings agency Standard & Poor’s said it affirmed Iraq’s rating at B- / B with a stable outlook.

The stable outlook reflects expectations that the fiscal deficit will be modest over the next few years, the agency said.

She said she expected the prospects for Iraq’s economic growth to be under pressure from political tensions at home, production quotas imposed by the OPEC agreement and restrictions on government spending.

The agency said it expected Iraq’s GDP to grow 1.9 percent in 2018 in line with production cuts in 2017-2018 before rising 2.5 percent in 2019 as oil production recovers.

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