The World Bank’s latest ‘Global Economic Prospects’ report projects a concerning economic future for Iraq. The report forecasts a 2.2 percent contraction of the Iraqi economy in 2026. This downturn is expected to worsen significantly in 2027, with a projected decline of 8.9 percent. The analysis suggests substantial economic challenges lie ahead for the nation. Details regarding the factors driving these projections were not immediately available in the provided text. This forecast raises concerns about Iraq’s financial stability and potential impacts on its population. Further analysis of the full report is needed to understand the specific causes and potential mitigation strategies.