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IMF Finds Accelerating Economic Growth In Iran Following The Nuclear Deal

Tuesday, October 4, 2016 5:17
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(Before It's News)

from the International Monetary Fund

[Editor'sNote: This Concluding Statement describes the preliminary findings of IMF staff at the end of the official staff visit to Iran]

Economic conditions in Iran are improving substantially in 2016/17. Real GDP rebounded strongly over the first half of the year as sanctions eased post-JCPOA [known commonly as the Iran deal or Iran nuclear deal] implementation. Oil production and exports rebounded quickly to pre-sanction levels, helping cushion the impact of low global oil prices. Increased activity in agriculture, auto production, trade and transport services has led the recovery in growth in the non-oil sector.

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