weakened health system. After a deep recession in 2020, a strong recovery in China will
boost Iran’s economy.

Iraq

GDP growth: 0.7%

GDP per head: $4,450 (PPP: $ 10,070)

Inflation: 1.9%

Budget Balance (% GDP): - 13.2

Population: 41.2m

Oil markets will take time to recover from reduced global demand caused by the
pandemic, and Iraq’s oil-reliant economy will stagnate after a deep recession. The
transitional prime minister, Mustafa al-Kadhimi, will try to rally the economy and
confront the country’s deep governance challenges, but only if he secures the job
permanently in elections called for June.

Israel

GDP growth: 2.5%

GDP per head: $42,390 (PPP: $40,320)

Inflation: 0.2%