Economy, Domestic Economy

Economic Growth Predictions

Economic Growth PredictionsEconomic Growth Predictions

The economic growth for the industries, mining and trade sectors is set to reach 6% in the current Iranian year (started March 21), says the deputy industries minister for planning. Hossein Abouyie also predicted that the sector will grow by 9% and 12% over the next two years respectively, ISNA reported. Meanwhile, head of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari believes that in the best-case scenario, the country’s economic growth will not exceed by 0.5% this year. A GDP growth of 3% was recorded for the last Iranian year. According to head of the Institute for Trade Studies and Research, Mohammad Reza Razavi, average growth in the industrial and mining sectors has been at least 1.5 times higher than the overall GDP growth during the third (2002-7) and fourth (2007-11) five-year economic development plans.