Q1 Economic Growth at 6.2%: CBI

The Iranian economy grew 6.2% in the first quarter of the current fiscal year (started March 21) compared with the similar period of the previous year, says the Central Bank of Iran.
According to a new report published on the bank’s website, except for the drought-hit agriculture with -0.9%, all economic sectors registered growth during the period (spring): oil with 23.3%, industries and mining with 2.1%, and services with 7%.
Noting that services showed distinct signs of recovery after the Covid-19 pandemic hit the sector hard in the first quarter of last year (registering -2.5% growth), the report attributes the expansion mainly to the subsectors of “transportation and warehousing”, “health and social work”, “wholesale, retail and auto repair”, “information and communications”, and “professional, scientific and vocational”.