01912cas a2200241 a 4500 AALejournalIMF015451 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513555942 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Iraq : Staff Report for the 2015 Article IV Consultation and Request for Purchase Under the Rapid Financing Instrument. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (100 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2015 Article IV Consultation highlights that Iraq is facing a double shock emerging from the ISIS insurgency and the plunge in global oil prices. In 2014, real GDP contracted by 2.1 percent mainly owing to the impact of the conflict, while oil production and exports increased slightly compared with 2013. In 2015, overall economic activity is expected to see a modest recovery of 0.5 percent thanks to oil sector expansion, while non-oil activity is expected to contract further. Medium-term growth prospects remain positive, though less favorable than before the crisis. Growth will be driven by the projected ramp-up in oil production and the rebound in non-oil growth supported by the expected improvement in security and implementation of structural reform. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/235 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/235/002.2015.issue-235-en.xml IMF e-Library