Baku, Azerbaijan, Apr. 20
By Khalid Kazimov - Trend:
Over the past 10 years Iran's economic growth in average was 2.4 percent, an Iranian official said.
Hamid Pourmohammadi, Deputy Head of the Management and Planning Organization (MPO) of Iran, has said that the country has failed to reach the planned economic growth of eight percent per year, IRNA news agency reported. He urged for registering an economic growth of eight percent per year within the next 10 years.
Saying that Iran's economy was expected to ranks first among the 24 regional countries over the past years, he described the Western imposed sanctions as a main reason for the failure. According to the official Iran has maintained its place as the third largest economy in the region over the past 10 years.
The International Monetary Fund (IMF) foresees a four-percent growth rate for Iran in 2016, and a 3.7 percent GDP (gross domestic product) growth for 2017.
According to the IMF, the Islamic Republic experienced zero percent GDP growth in 2015. The organization also put Iran's inflation rate at 12 percent in 2015, forecasting that the figure will fall to 8.9 percent this year.