Iran’s economy ‘on a good trend’

29 Dec 2017   Iran

Iran says its economy is in good shape in the post-sanctions environment, even amid warnings of external pressures. File photo by Maryam Rahmanian/UPI. Dec. 28 (UPI) — The economy for oil-rich Iran is in good shape and the rate of inflation has been under control for the last two years, the country’s first vice president said. Eshaq Jahangiri laid out his read on the Iranian economy during a meeting with provincial leaders, saying growth was around 6 percent during the first half of the Iranian year, which began March 21. Inflation, meanwhile, was in the single digits for the last two years. “The country’s growth is on a good trend,” he was quoted as saying by the official Islamic Republic News Agency. Jahangiri’s estimate on growth is more optimistic than the last estimate of 4.2 percent growth in gross domestic product in 2017-18 from the International Monetary Fund. Inflation, […]

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