The international monetary fund, in its latest “World Economic Outlook” report, sees Iran’s economic growth in 2018 performing a much weaker activity.
The downward revisions reflect the worsening of growth prospects for Iran, following the re-imposition of US sanctions, to an important extent.
The economy is now forecast to contract in 2018 (−1.5 percent) and especially in 2019 (−3.6 percent) on account of reduced oil production, before returning to modest positive growth in 2020–23.
The organization previously forecasted that Iran’s economic growth would reach 4 percent in 2018.
