Zeinab F. Shuker, EPC |
Iraq’s economic outlook has rapidly deteriorated since the onset of the COVID-19 pandemic. For many years, economic progress and state legitimacy in the country have been undermined by an undiversified economy, as well as Iraq’s dependence on oil revenues, bloated public sector, rigid budget, rampant corruption and weak state capacity. This economic and political deterioration has inspired conflict and instability, contributing in 2019 to the rise of one of the country’s biggest social and political uprisings. It has also left the country with limited capacity to mitigate and manage the COVID-19 crisis and its socio-economic impacts.
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