Iran's Q1 Economic Growth at -3.5%

Iran’s gross domestic product saw a contraction of 3.5% during the first quarter of the current fiscal year (March 20-June 20) compared to the corresponding period of last year, the Statistical Center of Iran’s latest report shows.
Economic growth, excluding oil, stood at -1.7%, the report added.
A sectoral breakdown of growth rates in the report shows only the agriculture sector experienced a paltry growth of 0.1% while industries and services sectors contracted by 4.4% and 3.5% respectively.
Iran’s economy shrank by 6.9% in the last fiscal year (March 2019-20) stood at -0.5%, excluding the oil sector.