29 Mar 2024
Monday 16 March 2015 - 11:34
Story Code : 155746

Irans economic growth hits 3.6 percent

[caption id="attachment_109124" align="alignright" width="264"]File photo of the Central Bank of Iran File photo of the Central Bank of Iran[/caption]

TEHRAN (ISNA)- Irans economic growth totaled 3.6 percent in the first nine months of Iranian calendar year (started on March 21, 2014) as its Gross Domestic Product hit over $54.000.000.000 in the same period.

The economic growth is of great importance while the country is under the western sanctions.

The Central Bank of Iran (CBI) announced that the countrys economic growth totaled 4.6 in spring and 3.7 in summer.

Late September, the CBI said country's economy has attained positive growth for the first time in two years.

New figures released by the CBI showed the economy expanded 4.6 percent in the first quarter of the current Iranian calendar year (started March 21, 2014).

According to the data, Irans agriculture, oil, mine and industry sectors posted positive growth rates of up to 8.1 percent during the period.

Irans economic growth rate turned positive after the country experienced months of stagflation, suffering negative economic growth combined with rising inflation rate.

Earlier September, Iranian President Hassan Rouhani said the Islamic Republic will witness an inflation rate far below 20 percent at the end of the year.

I announce to the Iranian nation that we have fortunately left behind stagnation, Rouhani said.

By ISNA
https://theiranproject.com/vdchkmnz-23nmqd.01t2.html
Your Name
Your Email Address