Iran’s President predicts positive economic growth, good year ahead

Tasnim – President Hassan Rouhani said Iran is going to have a good year as all predictions suggest that the country’s economic growth will be positive in year 1399, which has begun on March 20.

Addressing a cabinet session on Wednesday, Rouhani said the status of agriculture and agricultural production in the country during the current Iranian year will be better than the previous years.

“We will have a good year ahead,” he said, adding that all predictions suggest that Iran will experience positive economic growth this year.

A report from the Central Bank of Iran forecasts that the status of inflation will be better than the last two years, the president added.

He also dismissed foreign media reports that Iranians are suffering hardship, stressing that a good year is ahead despite the problems caused by the sanctions and the outbreak of coronavirus.

The stories run by the foreigners are total lies and baseless, Rouhani said, adding, “We will have appropriate conditions with support for each other, presence of people, and the devotion shown by the industrial, agricultural and service sectors, despite what the enemies are drawing.”

In February, Deputy Governor of the Central Bank of Iran Peiman Qorbani said a downward trend in the inflation rate in Iran and the improvement in the country’s non-oil economic growth will continue in year 1399 (March 20, 2020 – March 20, 2021).

The continuation of the current trend and stability of other conditions will reduce the inflation rate in the next Iranian year to around 20 percent, Qorbani said at the time, adding that such circumstances will offer an appropriate prospect for strengthening anti-inflationary policies, a bigger drop in the inflation rate, stabilization of economy, and a structural reform of the country’s money market.