The deputy minister of economy for policy-making affairs says the average annual economic growth in the three years of martyr Ebrahim Raisi’s administration with and without oil was 5.5% and 4.5%, respectively.
Figures by the United Nations Industrial Development Organization (UNIDO) shows that the growth in Iran's value-added industrial production in 2022 reached 6.5%, exceeding that of 164 states in the world.
JPMorgan has sharply revised its GDP forecast for the Israeli economy for the fourth quarter of 2023, projecting an 11% contraction from the previous quarter.
JPMorgan has sharply revised its GDP forecast for the Israeli economy for the fourth quarter of 2023, projecting an 11% contraction from the previous quarter.
The latest update by the International monetary Fund (IMF) expects the Iranian economy to grow with a sharper slope in 2023 compared to an earlier forecast by the lender.
Iran's economic growth in the last Iranian calendar year (21 March 2022 – 20 March 2023) reached 4%, according to figures by the Central Bank of Iran (CBI).
The Biden administration continues to play down the possibility of the US facing a recession in the near future amid warnings that the process may kick off in just a matter of months.
The UK defense secretary, Ben Wallace, said military spending will double from its current level to hit £100bn in 2030 as a result of Liz Truss’s commitment to increase the armed forces’ budget to 3% of GDP.
