Page 18 - IRANRptSep21

Iran currently on course for 2.5% growth in 2021 says IMF
The International Monetary Fund (IMF) has forecast that Iran’s economy will expand by 2.5% in 2021 following estimated growth of 1.5% in 2020. Prior to possibly squeezing out some growth last year, Iran, under the burden of heavy US sanctions, was in an economic recession that lasted towards three years.
In its latest World Economic Outlook report released this week, the Fund also said Iran might achieve 2.1% growth in 2022.
However, all the predictions could change rapidly depending on the outcome of attempts to find a political accommodation between Iran and the US that could potentially reopen many Western and other markets to the Islamic Republic.
In its latest forecasting, the IMF also sees Iranian consumer price inflation this year moving up to 39% from last year’s 36.5% and a 2021 current account surplus equivalent to 1.2% of GDP. Iranian unemployment would likely stay at around 11% this year, the Fund added.
4.0 Real Economy 4.1 Industrial production
Iranian government pledges 40 trillion
Iran has set aside Iranian rial (IRR) 40tn ($980mn at the official exchange rate, $172mn at the free market rate) for industrial indigenisation
18 IRAN Country Report September 2021 www.intellinews.com