Iran’s GDP growth is expected to reach 8% in 2016, said the head of profile departments

Almaty. February 5. Silkroadnews – Iran’s GDP for the next fiscal year (starting from March 21, 2016) will increase by 8%. The statement was made by the Minister of Economy and Finance of Iran Ali Tayebnia, IrTAG informs.
“Next year we hope to achieve growth of 8%,” - said Ali Tayebnia.
The minister said that despite the negative impact of low oil prices, the lifting of sanctions by the West will contribute to restoring of Iran’s economy.
He reminded in March this year Iran will start the implementation of the sixth five-year development plan. During this period, the priority will be given to the development of the petrochemical industry, energy, water supply and tourism. Tehran also expects a significant inflow of foreign investments.
In addition, during the first half of the year Iran plans to increase oil exports up to 500 thousand barrels per day, and “then up to 1 million barrels”.
At the same time, as A. Tayebnia said, Iran will monitor the situation on the world market.
Meanwhile, the World Bank forecasts the GDP of Iran to grow by 5.8% in 2016 and by 6.7% in 2017.