IMF Reports Iran's Economy 'Improving Substantially" Since Economic Sanctions Lifted


Iran’s achievements and economic recovery after the removal of crippling sanctions for its nuclear program has been hailed by the International Monetary Fund (IMF), Press TV reported Tuesday. An IMF annual report on the country’s economic performance said higher oil production and exports after the removal of the sanctions in January 2016 were supporting a strong rebound in the country’s economic growth. The country should be specifically credited for lowering inflation to 6.8 percent in June 2016, down from a peak of 45 percent in June 2013, Press TV reported. Since mid-2016, the IMF report, known as the Article IV review, revealed Iran’s inflation was hovering in the 9.5 percent range,…

Source: Word News

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IMF Reports Iran’s Economy ‘Improving Substantially” Since Economic Sanctions Lifted