Iran’s GDP reaches 4.2 percent

19 Dec 2017   Iran

While facing uncertainties because of external factors, the Iranian economy is expected to pick up the pace, the International Monetary Fund said Monday. “Growth has begun to broaden to the non-oil sector,” Catriona Purfield, a country team leader for the IMF, said in her closing report . “Real gross domestic product growth is projected to reach 4.2 percent in 2017-18 and is expected to be sustained or even rise toward 4.5 percent over the medium-term if financial sector reform takes hold.” Iran is one of the larger producers among members of the Organization of Petroleum Exporting Countries. In November, the Central Bank of Iran reported tax revenue generated from the sale of crude oil and oil products increased more than 80 […]

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