Iraq's economy is picking up steam. A recent IMF report says Iraq may see as much as 7 percent economic growth this year, and 7 to 8 percent next year. For a nation in the midst of a war, this is near-miraculous. The positive economic developments are tied mainly to Iraq's growing production of oil. Iraq is currently pumping 2 million barrels per day, a figure that could rise by 200,000 barrels by next year. Michael Goldfarb weighs in. The above photo (Time Magazine) shows workers on an Iraqi oil drilling platform.
