Iran's economy growth forecast to exceed 5% in 2016

Economy Since 03.06.2016 at 08:45 (Baghdad time)

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The transfer of Iranian state television quoted the governor of the central bank as saying that Iran expects economic growth of more than five percent in 2016 after the lifting of sanctions on the country.

The governor said the Crown Sword of God "Economic growth slowed in 2015, but local and international forecasts indicate that growth in 2016 will exceed five percent."

Iran emerged from years of economic isolation in January when international forces lifted led by the United States and European Union sanctions have adversely affected the economy of Iran's third-largest oil producer in OPEC.

In return for the lifting of sanctions, Iran agreed to curb its nuclear ambitions. It ended 29/4 e