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Iran Recovery Fueling ME Growth
Economy, Business And Markets

Iran Recovery Fueling ME Growth

The World Bank believes in an average growth of 2.9% this year for the Middle East and North Africa, reflecting largely the expectations for Iran’s economic recovery after the lifting of the economic sanctions, ANBA reported. The estimation is 1.1 percentage point lower than the one made in January and is based on the oil price remaining at a level considered to be low: $41 on average per barrel. The bank expects growth, this year and the next, in all of the 17 economies of the region surveyed. Included in this list are 16 Arab nations plus Iran. Not included are the Arab countries of Syria, Yemen, Mauritania, Sudan and Comoro Islands.

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