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Iran’s economic growth is turning negative in 2018

Soraya Nildarar
Written by Soraya Nildarar

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.

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Soraya Nildarar

Soraya Nildarar

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