Tag Archives | GDP

Iran Issues “Annual Economic Review”

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 […]

Iran Aims for 5% Growth Next Year

By John Lee. Iran’s Minister of Economic Affairs and Finance has said that the government is targeting 5 percent economic growth in the coming Iranian year, which begins on 20th March. Ali Tayyebnia (pictured) added that inflation is targeted at 11.3 percent. (Source: Tasnim News Agency)

World Bank Forecasts Stronger Iranian Growth

By John Lee. The World Bank expects the Iranian economy to grow 5.8 percent in 2016, according its flagship “Global Economic Prospects“ report released yesterday. This follows an estimated growth of 1.9 percent last year. Growth rates of 6.7 percent and 6.0 percent are predicted for 2017 and 2018 respectively. The report argues: “Crude oil […]

GDP Growth of 1% in 1H

Iran’s economic output grew by 1 percent in the first half of the current fiscal year (started March 21), according to preliminary data released from the Statistical Center of Iran. Growth in agriculture (5.7 percent) and services (0.9 percent) outweighed a contraction in industrial output (-1.1 percent). GDP expanded 3 percent in 2014, after a […]

Has Iran entered ‘New Era’ of Economic Policies?

By Seyed Mahdi Barakchian, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Supreme Leader Ayatollah Ali Khamenei’s speech at his Aug. 26 meeting with President Hassan Rouhani (pictured) and the Cabinet signaled a new era for the management of the Iranian economy. This is notable, […]

Rouhani Outlines Plans for Growth

President Rouhani described the new plans and policies of the government for economic growth, the most important foreign relations plans, and regional and global issues in a live television interview. “People are getting ready to show their respect to the culture of Ashura which is the culture of dignity, freedom, and resistance against injustice and […]

“Prospects for 2016/17 are Brighter”, IMF

An International Monetary Fund (IMF) team has reported that comprehensive economic reforms will be needed in Iran if it is to benefit from the nuclear deal it struck with six world powers in July. It said real GDP growth is projected to decline from 3 percent in 2014/15 to somewhere between 0.5 to -0.5 percent in […]

Ministers Secretly Warn PM on Economy, but Why?

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Four ministers from the administration wrote a letter to President Hassan Rouhani (pictured) warning him that Iran’s economic situation could turn into a “condition of crisis” that would take many years to recover from. […]

Govt Expects 5% Growth

By John Lee. An Iranian Government spokesman has said that the government expects an economic growth of five percent in 2016, up from three percent this year, despite depressed oil prices. “Given oil revenue only represents 30 percent of the budget, the decrease in oil prices has had limited impact on government spending, including on […]

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