Economy, Domestic Economy

Private Sector Share Meager

Private Sector Share MeagerPrivate Sector Share Meager

The private sector’s share in the economy is only about 17%, announced head of Iran’s Chamber of Guilds, Ali Fazeli, on Saturday, adding that the government’s dominance will hamper economic growth and lead to corruption. “The experiences we have had in recent years show that state-controlled sectors of the economy have not fared so well,” he said. Fazeli called on the government to work closely with the private sector in the new economic climate following the nuclear deal reached with world powers in July, IRNA reported.