Financial Tribune- Majlis Research Center has revised up the current fiscal year�s (March 2017-18) economic growth estimate by 0.2%.

The center projects a 3.9% GDP growth for the year, largely thanks to signs of recovery detected in the construction sector, Bourse Press reported.

It expects the agriculture sector to grow by 3.8%, petroleum by 5%, industries by 4%, construction by 2.5% and services by 2.8%.

Last year�s growth has been put at 12.5% by the Central Bank of Iran and 8.3% by the Statistical Center of Iran.

Construction was the only sector that contracted last year, registering a -13.1% growth, according to CBI.

Iran�s economy emerged from recession in the fiscal 2014-15 with a 3% growth after two years of recession when the economy contracted 5.8% and 1.9% back to back, according to the Central Bank of Iran.

Growth in 2015-16 has been put at -1.6% by the Central Bank of Iran and 0.9% by SCI.

Latest statistics on Iran�s economic growth was recently published by the SCI that put Iran�s gross domestic product during the first quarter of the current Iranian year (started March 21) at 1.8 quadrillion rials ($47 billion), indicating a 6.5% rise compared with last year�s corresponding period.