Iran’s current account balance positive: IMF
TEHRAN (Basirat)- Iran is among a few countries in Middle East, North Africa, Afghanistan, and Pakistan region with the positive current account balance, according to the World Economic Outlook October 2016 of the International Monetary Fund (IMF).
Iran is among a few countries in Middle East, North Africa, Afghanistan, and Pakistan region with the positive current account balance, according to the World Economic Outlook October 2016 of the International Monetary Fund (IMF).
According to the IMF’s report, Iran’s account balance is forecasted to be 4.2 percent of gross domestic product (GDP) in 2016. The figure was 2.1 percent in 2015 and is anticipated to be 3.3 percent of GDP in 2017.
The report also put the country’s real GDP growth at 0.4 percent in 2015 which is anticipated to be 4.5 percent in 2016 and 4.1 percent in 2017.
The IMF released a statement on October 3 saying that economic conditions are improving substantially in Iran in 2016/2017 and real GDP rebounded strongly over the first half of the year as sanctions eased after the implementation of Joint Comprehensive Plan of Action (JCPOA).
The concluding statement described the preliminary findings of IMF staff at the end of an official visit (mission) to Iran.
According to the IMF’s report, Iran’s account balance is forecasted to be 4.2 percent of gross domestic product (GDP) in 2016. The figure was 2.1 percent in 2015 and is anticipated to be 3.3 percent of GDP in 2017.
The report also put the country’s real GDP growth at 0.4 percent in 2015 which is anticipated to be 4.5 percent in 2016 and 4.1 percent in 2017.
The IMF released a statement on October 3 saying that economic conditions are improving substantially in Iran in 2016/2017 and real GDP rebounded strongly over the first half of the year as sanctions eased after the implementation of Joint Comprehensive Plan of Action (JCPOA).
The concluding statement described the preliminary findings of IMF staff at the end of an official visit (mission) to Iran.
