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FinancialNews
28-07-21
Iranian economy to grow 2.1 percent in current year
(MENAFN)The World Bank’s Macro Poverty Outlook (MPO) report showed that Iranian economy is estimated to increase by 2.1 percent in the current year as the domestic markets are recovering and the negative effects of the pandemic started to decrease.
Iran’s Gross Domestic Product (GDP) will carry on its positive improvement in the coming two years, increasing by 2.2 and 2.3 percent.
The report further declared that “Despite an initial COVID-19 induced shock to GDP, a strong rebound in mid2020 led to a modest economic expansion in 2020/2021. The COVID-19 output loss since Feb 2020 was less pronounced [in Iran] than in other countries.”
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