Economics
Iran's 'Impressive Recovery' Clouded by 'Uncertainty,' IMF Says
- President Trump has called Iran’s nuclear deal a ‘disaster’
- Government needs to boost employment, restructure banks
IMF Sees 6.6 Percent Growth for Iran
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The Iranian economy has had an “impressive recovery” following sanctions relief last year, though uncertainty regarding the fate of the nuclear deal and relations with the U.S. threaten to undermine it, the International Monetary Fund said.
Growth is expected to be 6.6 percent in the calendar year ending March 20, reflecting the rebound in oil production and exports, and stabilize at 4.5 percent “over the medium-term as the recovery broadens,” the IMF said in a report released on Monday. It also highlighted the government’s ability to maintain inflation in single digits and stabilize the foreign exchange market.