EghtesadOnline: The 4.3% economic growth for Iran confirmed by the International Monetary Fund in its April report is thanks to the allocation of 190 trillion rials ($4.41 billion) in loans to the manufacturing units of the private sector and allocation of 435 trillion rials ($10.11 billion) to development projects.
EghtesadOnline: Since the early 2000s, growth in Iran has been insufficient to improve real GDP per capita incomes.
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: President Hassan Rouhani on Sunday outlined his administration’s vision of promoting economic prosperity in the next Iranian year (starting March 21), as well as goals set for the country in the face of economic and social challenges.
EghtesadOnline: Growth in population without concurrent economic growth cannot benefit the country from the so-called demographic “window of opportunity”—the period in which the working-age population is growing and the young cohort decreasing, while the old cohort is still small.
EghtesadOnline: Iran's gross domestic product grew 3.4% during the first three quarters of the current fiscal year (March 21-Dec. 21, 2017) compared with last year's corresponding period, according to the Central Bank of Iran's report released on Sunday.
EghtesadOnline: The Central Bank of Iran has projected that the country's non-oil sector's growth in the fiscal 2017-18 will outpace that of the preceding year, which was 3.3%.
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 research arm of the parliament has forecasted a 4.1% economic growth for the current fiscal year (March 2017-18) compared with last year’s 12.5%.
EghtesadOnline: Iranian economist Morteza Imanirad believes that tapping into empty capacities of production units, the rise in oil revenues and a modest increase in demand are the main reasons behind the growth experienced in the industrial sector during the first half of the current fiscal (March 21-Aug. 22).