IMF revises up its 2023 economic growth forecast for Iran
The International Monetary Fund (IMF) has revised up its 2023 economic growth forecast for Iran amid its better oil exports and despite the continued pressure of the US sanctions.
Iran Economy
Central Bank says Iran’s foreign debt shrank by 27%
Iran’s foreign debts were reduced to $6.282 billion in the last Persian calendar year (ended on March 20), showing a 27.6 percent decrease compared to a year before, according to a report by the Central Bank of Iran (CBI).
IMF predicts Iran’s inflation to shrink in 2024
A report by the International Monetary Fund (IMF) says that the soaring inflation rates in Iran will fall significantly with an increase in demand for Iranian oil in major Asian economies and amid a gradual drop in consumer prices across the globe.
Iran emerges as biggest crude steel producer in West Asia: Report
The latest data released by the World Steel Association (WSA) show that Iran’s production of crude steel has accounted for 70% of the total output in the Middle East region during the first five months of the current year.
Official: Iranian businesses expect big jump in trade with Arab states
Iranian businesses believe trade with Arab countries of the Persian Gulf could see a jump in the near future amid a political rapprochement between Tehran and Riyadh, an official with Iran’s private sector says.
1st VP: Iran’s asset frozen by US bans released in some countries
Iran’s First Vice President Mohammad Mokhber says the country’s assets frozen by US sanctions have been released in some countries, and that Tehran is making efforts to get access to the rest.
Economist claims Iran inflation under Raisi set new record high since WWII
An Iranian economist criticizes President Ebrahim Raisi’s handling of the country’s economic issues, claiming that the inflation set a record high in eight decades under his administration.
Iran’s economy grew by 4.7% in fourth quarter of 2022: World Bank
Figures released by the World Bank show that Iran’s economy grew by 4.7 percent in the fourth quarter of 2022, standing at 15th place in the globe in terms of economic growth.
World Bank projects 2.2% economic growth for Iran despite sanctions
The World Bank (WB) has predicted that Iran’s economy will register a 2.2 percent growth in 2023 in spite of tough US sanctions.
Iran’s Central Bank governor meets IMF chief in Washington
The governor of the Central Bank of Iran (CBI) holds a meeting with the managing-director of the International Monetary Fund (IMF), Kristalina Georgieva, in Washington for talks on ways to expand bilateral interactions and cooperation.