The Iran Project
: The World Bank says Iran’s economy has continued to grow for the fourth consecutive year, highlighting the success of the Iranian administration in curbing inflation and stabilizing the currency market.
Saturday 23 December 2023 - 13:13
Story Code : 409577
Source : IRNA
World Bank: Iran successful in curbing inflation, stabilizing currency market
The Islamic Republic’s economy achieved an average growth rate of 3.8% last year, mainly because of the services and industry sectors, it said.
Both exports and imports increased this year, and strong investment in the machinery sector led to growth in investment figures, the report added.
The World Bank also predicted that the growth of Iran’s GDP will continue in the medium term, and the increase in oil production and export will act as one of the factors of growth during this period.
Reporter : Editorial of The Iran Project
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