Iran’s GDP growth is expected at 4% in 2016, IMF projects
Date: 10:32, 18-04-2016.
Almaty. April 18. Silkroadnews – Removal of sanctions against Iran along with oil production increase will result in the country’s GDP increase up to 4% in 2016, IrTAG writes.
“Given the increase in oil production by 600 thousand barrels per day and removal of sanctions affecting the transaction costs reduction, Iran can raise the GDP growth up to 4% this year. The big problem for Iran is to make this growth stable for several years,” Masood Ahmed, director of the IMF’s Middle East and Central Asia Department said.
Earlier the Iranian president’s chief of staff Mohammad Nahavandian said in Davos that Iran’s GDP growth after the Western sanctions removal shall stand at 5% per year at least.
