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Iran Economy Ministry Forecasts Fiscal 2018-19 Inflation, Economic Growth

Iran Economy Ministry Forecasts Fiscal 2018-19 Inflation, Economic GrowthIran Economy Ministry Forecasts Fiscal 2018-19 Inflation, Economic Growth

The Ministry of Economic Affairs and Finance’s worst-case scenario forecast for Iran's average annual consumer inflation in the current fiscal year (March 2018-19) is at 27.8% and that of economic growth is at -2.5%. 
The forecasts are based on an assessment of the country's economic climate and data provided by the Statistical Center of Iran. 
According to the ministry’s predictions, annual inflation rate inthe current year (March 2018-19) would range between 24.4% and 27.8% and economic growth could vary from -1.1% to -2.5%. 
Trends in Iran’s economic variables indicate that the rise in inflation rate, decline in economic growth and increase in unemployment rate would proceed in the coming months, Fars News Agency reported the Economy Ministry as saying.

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