Inflation in Iran is projected to amount to 9.2% for the year

Almaty. October 4. Silkroadnews – Iranian oil extraction and exports «returned to pre-sanction level» that helps the country to «mitigate the impact of low global crude prices», the IMF report says on the results of the Fund's delegation trip to Tehran, IrTAG writes.

According to the document, the real GDP growth of Iran in 2016/17 is expected to reach «4.5% at least».  Inflation has slowed and in average for the year is projected to reach about 9.2% in 2016/17. However, the document's authors warn, «there are some vulnerabilities to appear that could undermine the economic achievements of Iran».

At the recent International Energy Forum in Algeria Iranian Oil Minister Bijan Zanganeh said his country will not reduce the crude output and intends to regain its former 13% share (that Iran used to have prior to the international sanctions announcement) within the OPEC states' total crude output.