Iran’s GDP growth in 2016 will amount to 4.4%, the World Bank predicts
Date: 13:31, 09-06-2016.
Almaty. June 9. Silkroadnews – According to the forecasts by the World Bank (WB), Iran’s GDP growth is expected to make 4.4% in 2016, IrTAG reports.
According to the World Bank projections, Iran’s GDP will make 4.9% in 2017 followed by 4.7% in 2018.
Iran’s economic growth has been slowed by the lower oil prices combined with uncertainty on terms of the sanctions removal, the report said.
The report also shows the weakening of international sanctions has opened for Iran many opportunities for the international trade and investments.
In April 2016 the oil production in Iran amounted to 3.6 million barrels per day, which is 25% higher compared to the same period of 2015.
