The Central Bank of Iran (CBI) has published the latest edition of The journal of Annual Economic Review for 2014/15, featuring topics on Global economic developments, Central Asia and Middle East economic developments, Gross Domestic Product and Expenditure, developments of real economy, Oil Market developments, Fiscal sector developments, Asset Market developments and other subjects.
The new issue of Annual Economic Review says that Iranian economy, which showed eight quarters of negative growth and experienced a full recessionary cycle in 2012/13 (1391) and 2013/14 (1392), turned into a positive performance of 3.0 percent GDP growth in 2014/15.
This growth in GDP, combined with a sharp decline of inflation by 19.1 percentage points to 15.6 percent in 2014/15 from an extremely high level of 34.7 percent in the year before, strengthened Iran’s economy and set the national economy on a non-inflationary sustainable growth path.
Please click here to download the full report, which is an excellent overview of economic activity in the country.
(Source: Central Bank of Iran)