Arab Today, arab today imf iran economy stabilising to soar if deal reached
Last Updated : GMT 18:31:50
Arab Today, arab today
Arab Today, arab today

IMF: Iran economy stabilising, to soar if deal reached

Arab Today, arab today

Arab Today, arab today IMF: Iran economy stabilising, to soar if deal reached

Washington - AFP

Iran's economy is stabilizing and will post substantially strongergrowth if the Islamic republic reaches a comprehensive deal with world powers onits nuclear program, the IMF said Friday.The International Monetary Fund estimates that Iran's economy shrank by 1.7percent in 2013, the second straight year of contraction after the United States andits allies imposed sweeping sanctions.But the IMF projects that Iran's economy will rebound by 1.5 percent in the currentyear -- even if sanctions relief under a temporary deal  proves short-lived -- asTehran undertakes reforms.Masood Ahmed, director of the IMF's Middle East and Central Asia department, saidthat Iran's economic woes were "beginning to level off" but that much depends onwhether the country reaches a comprehensive nuclear deal."We do think that if there is a permanent improvement in that internationalenvironment... this should have an impact in terms of generating growth rates in themedium term that are substantially higher," Ahmed told reporters at the IMF/WorldBank spring meetings in Washington. Ahmed said that Iran has been benefitting from foreign exchange market reformsand a dramatic calming of once-soaring inflation. But he said that Iran neededfurther structural reforms and to tighten monetary policy.Iran's new reform-minded government under President Hassan Rouhani inNovember reached a deal with six world powers to freeze its nuclear program, whichsome Western officials and Israel charge is aimed at building nuclear weapons.The United States and European powers in return offered temporary relaxation ofsanctions. But President Barack Obama has said that the sanctions would resume iftalks on a comprehensive agreement fail.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf iran economy stabilising to soar if deal reached Arab Today, arab today imf iran economy stabilising to soar if deal reached

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf iran economy stabilising to soar if deal reached Arab Today, arab today imf iran economy stabilising to soar if deal reached

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday