Iran Parliament Think Tank Forecasts Grim Outlook on Economic Growth

The performance of Iran’s real economy was weaker than expected in the first half of the current fiscal year (March 21-Sept. 22, 2018), a report by the research arm of Iranian Parliament reads. 
While the government’s operating and capital expenditure as well as private sector investment remained almost unchanged at the nominal level, the rise in consumer and producer price indexes has offset the real growth of sectors, including construction and public services. 
Sanctions and the unfavorable condition of foreign currency market in H1 are expected to hurt Iran’s economy in the fiscal 2018-19 and more so in the fiscal 2019-20.