EghtesadOnline: Iran’s ease of doing business score has seen an improvement of 2.34 percentage point, though its ranking among 190 economies in the World Bank’s Ease of Doing Business Report 2019 fell by four places to 128th.
EghtesadOnline: Iran’s GDP growth in 2017-18 dropped to 3.8%, as the effect of a large surge in oil revenues in the previous year dissipated.
EghtesadOnline: Iran’s economy is on the brink of experiencing a crisis, if not already. What got us here? Farhad Nili, the representative of the Central Bank of Iran to the World Bank, believes that four main mechanisms, namely massive imbalances, people’s overexpectations, external pressures and the system of governance, have led the economy to its present state.
EghtesadOnline: Iran’s world ranking in the Logistic Performance Index improved 32 places within two years as, with the score of 2.85, the country was positioned at 64th place out of a total of 160 countries reviewed by the World Bank in its latest 2018 report.
EghtesadOnline: As the impact of the previous year’s boost in oil production and exports dissipates, Iran's overall growth rate is expected to stabilize at around 4.2%, with a larger contribution from the non-oil sector.
EghtesadOnline: As part of its Doing Business project, the World Bank also monitors indices concerning trading across borders and the numbers indicate Iran is not doing well.
EghtesadOnline: Growth in Iran, the second largest economy in the Middle East and North Africa region, is expected to reach 4.3% by 2020, with higher investment growth offset by lower oil production and limited access to finance, reads the World Bank’s latest “Global Economic Prospects” report.
EghtesadOnline: The World Bank’s latest report on ease of doing business shows Iran ranks 124th among the 190 economies, indicating a four-notch slide in Iran’s regulatory improvement from last year.
EghtesadOnline: Minister of Economic Affairs and Finance Masoud Karbasian has separately met his counterparts from France, Denmark, India and Afghanistan as part of his trip to Washington, DC to attend the annual meetings of the World Bank and the International Monetary Fund.
EghtesadOnline: Don’t celebrate too soon. That was the key message as policy makers and investors left Washington on Sunday after attending the annual meetings of the International Monetary Fund and World Bank.