The impact of changes in interest rates on economic growth in Iraq for the period 2010-2023

Abstract

The research aims to study and analyze the impact of changes in interest rates on economic growth in Iraq during the period from 2010 to 2023. The research seeks to understand the dynamic relationship between interest rates and economic growth rates, by evaluating how monetary policies affect GDP. The research relied on the descriptive analytical approach, which will be done to understand changes in interest rates and compare them with economic growth indicators such as GDP. The quantitative approach will also be used, and data will be collected from official sources such as reports from the Central Bank of Iraq and national statistical data, and analyzed using the financial analysis method. The research reached a set of conclusions, the most important of which are: Iraq suffered from significant fluctuations in interest rates during the decade, reflecting significant economic challenges. The government has followed monetary policies characterized by tightening and then stability in order to achieve economic growth, and interest rates reflect a response to inflation and market conditions, which requires a deeper study to understand the broader context. The most important recommendations include: Encouraging more studies on the subject to follow up on potential changes in the Iraqi economy and their impact on growth.