Skip to main content

Coronavirus damages Iraqi economy with fall in tourism, oil prices

COVID-19 has harmed both the private and public sectors of the Iraqi economy.

A member of the medical team sprays disinfectant as a precaution against the coronavirus, following the outbreak of the virus, in a dental clinic in Sadr city district of Baghdad, Iraq, March 9, 2020. REUTERS/Thaier Al-Sudani - RC2CGF9V03HD
A member of an Iraqi medical team sprays disinfectant as a precaution against the novel coronavirus following the outbreak of COVID-19, Baghdad, March 9, 2020. — REUTERS/Thaier Al-Sudani

As of March 23, Iraq had registered 266 novel coronavirus cases, with 23 deaths. Although Iraq is much better off than many other countries, the fast-growing number of cases — 33 new infections and three more deaths in a 24-hour period — indicate that Iraq soon may face a very difficult situation. 

Also, measures the government has taken to fight the virus have damaged the economy; these steps have included imposing a curfew, closing roads between cities and canceling all religious tourism. This is not mention the oil price drop.

Related Topics

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
OR

Continue reading this article for free

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in