IMF Sees Iraq Contraction Before 2027 Rebound

2026-07-09 11:04   Shafaq News- Baghdad   Middle East and Central Asia growth is projected to fall to 0.7% in 2026 before rebounding to 6.5% in 2027, with Iraq among the commodity producers expected to contract sharply this year, the International Monetary Fund said.

In its July World Economic Outlook update, the IMF grouped Iraq with Kuwait and Qatar as the producers most affected by disruptions to energy output and transport, linking the downturn to a longer closure of the Strait of Hormuz than it assumed in April.

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BIS Says Tokenization Is the Future of Global Finance as Stablecoin Risks Grow

The Bank for International Settlements (BIS) is calling for a new generation of global financial infrastructure built around tokenization while warning that today's stablecoins, in their current form, are not suitable as the foundation of the future monetary system.

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IMF Cuts Global Growth Forecast as War and Inflation Reshape the Global Economy 

The International Monetary Fund has lowered its global growth outlook, warning that geopolitical conflict, elevated energy prices, and growing economic fragmentation are creating new challenges for the world economy and increasing uncertainty for financial markets.

The Next Phase Of Shrinkflation: Rolling Blackouts

Notes From the Field By James Hickman (Simon Black / Sovereign ManJuly 9, 2026

The lights went on at approximately 3pm on September 4, 1882 in New York City. 

Thomas Edison (with major funding from JP Morgan) had spent roughly two years building the first-ever commercial power plant, located in Manhattan’s financial district. Its total capacity was about 600 kilowatts… barely enough to power a single rack of GPUs today. 

But at the time it was nothing short of miraculous.

IMF Expects Severe Contraction In Iraq’s Economy In 2026

Baghdad (Iraqi News.com) – The International Monetary Fund (IMF) projected on Thursday that Iraq’s economy will be the most hit by oil and transportation disruptions in the Middle East and Central Asia in 2026.

The IMF also predicted a robust economic rebound in 2027, when energy market conditions improve and commerce resume, local news outlet Shafaq News reported.

Al-Mustaqilla Reveals: 3 Key Issues In Al-Zaidi's Visit To Washington

July 8, 2026 Last updated: July 8, 2026   Al-Mustaqilla - As attention turns to Iraqi Prime Minister Ali al-Zubaidi's visit to Washington on July 15, information obtained by Al-Mustaqilla reveals that the economic agenda will be at the forefront of the talks, with an American focus on financial files related to Iran, while the file of combating corruption is absent from the visit's agenda.

According to an informed source, the talks will focus on three main axes,

Government Advisor: No Change In The Dinar Exchange Rate Against The Dollar

Published on: July 9, 2026 at 12:19 AM Baghdad / Al-Mada  - The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, denied the existence of any plan or program by the Iraqi government to change the exchange rate of the dinar against the dollar, stressing that this matter has not been discussed in any way.

Salih said yesterday, Wednesday, in a press statement, that "the issue of the currency's value has not been discussed in any way," in response to rumors circulating about the possibility of changing the official exchange rate of the dinar against the dollar.

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Fed Minutes Reveal Deep Policy Divide as Middle East Tensions Add New Inflation Risks 

Newly released Federal Reserve meeting minutes show policymakers are increasingly divided over the path of interest rates, while renewed Middle East tensions and rising oil prices add fresh uncertainty to the global economic outlook.