5% Growth Expected in Iran this year

By John Lee.

The Central Bank of Iran (CBI) has forecast economic growth of at least five percent for the current Iranian calendar year, which ends on 20th March 2018.

CBI Governor, Valiollah Seif (pictured), is quoted as saying.

“Most of the economic sectors have improved remarkably during the current fiscal year … therefore the country will register at least a five percent economic growth by the end of the year.”

Iran registered growth of 12.5 percent during the previous Iranian year, but much of this was attributed to the rise in Iran’s oil exports following the relaxation of sanctions.

(Source: Xinhua)

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