The Iran Project
: The International Monetary Fund (IMF) has increased its outlook of economic growth in Iran for 2024, attributing it to a surge in the country’s oil production.
Sunday 25 February 2024 - 14:24
Story Code : 416088
Source : IRNA
IMF raises Iran 2024 economic growth outlook, cites oil production surge
In its previous report, which was released in October 2023, the IMF had predicted a 2.5% economic growth for Iran in 2024.
The financial agency has attributed the growth in the economic outlook to a surge in Iran’s oil production, which it said surpassed 2.7 million barrels per day so far in 2024.
Also according to the IMF statistics, Iran’s economy grew 5.4% in 2023, much higher than the 3-percent growth predicted for that year.
Reporter : Editorial of The Iran Project
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