Iran’s economy grows 4 percent in six months: Report
ILNA: Iran’s economy has grown four percent in the six - month period since the start of the current Iranian calendar year(March 21,2014).
The Central Bank of Iran(CBI) on Wednesday released its latest economic data, which shows a ۴.۰ percent growth in the first half of the Iranian calendar year.
“The initial and preliminary calculations of the Department of Economic Accounts suggest that the country’s gross domestic product(GDP) … has reached Rls ۱.۰۲۲ trillion(USD ۳۷.۷۷۹ billion) which shows a positive ۴.۰ - percent growth compared to the similar period last year, ” the report said.
It added that Iran’s GDP in the Iranian calendar year beginning on March ۲۰,۲۰۰۴, which was used as the baseline for the new calculations, stood at RIs. ۹۸۳.۲۵۳ trillion(USD ۳۶.۳۱۸ billion).
The latest economic statement means that Iran’s economy has officially emerged out of two successive years of recession and stagflation.
CBI announced in September that Iran has attained positive growth for the first time in two years. Wednesday’s report, however, is the first detailed statement proving that Iran’s economy has experienced growth.
Meanwhile, Iran’s President Hassan Rouhani announced Wednesday that his government has managed to “curtail inflation from ۴۰ percent down to ۱۷, ” according to ISNA News Agency.
In a speech in the eastern city of Birjand, Rouhani said an era of economic revival has begun in Iran.