Despite strong reserves and low inflation, Iraq’s economy ⁠link to My FX Buddies Blog⁠ faces deep structural challenges beneath the surface. This analysis breaks down what the Iraqi economy truly needs for reform, including: • Why oil dependence continues to weaken long-term growth • How public sector expansion distorts productivity • The hidden cost of subsidies and energy mismanagement • Why banking reform is essential for real investment • The missing role of a strong private sector

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