Baku, Azerbaijan, April 18
By Gazenfer Hamidov – Trend:
The International Monetary Fund (IMF) foresees a 4-percent growth rate for Iran’s economy in 2018 and a 4 percent GDP (gross domestic product) growth for 2019 as well.
The Islamic Republic experienced 4.3 percent GDP growth in 2017, IMF said in its latest World Economic Outlook report.
Meanwhile the Islamic Republic plans to achieve an economic growth of 8 percent according to a five-year plan that has started in 2017.
The organization also put Iran's inflation rate at 9.9 percent in 2017, forecasting that the figure will increase to 12.1 percent this year.
Iran's inflation is forecasted to stand at 11.5 percent by 2019, according to the IMF.
Furthermore, the current account balance in Iran is expected to reach to 7 percent of GDP in 2018 and 6.3 percent of the GDP in 2019, compared to 4.3 percent in 2017.
Meanwhile Iran's unemployment rate stood at 11.8 percent in last year, it is projected to fall to 11.7 percent this year and reach to 11.6 percent in 2019.
The IMF predicted the economies of the Middle East, North Africa, Afghanistan and Pakistan as a whole to grow by 3.4 percent in 2018 and 3.7 percent in 2019.
The monetary fund also projected a 3.9 percent growth for global economy in 2018 and 2019, compared to 3.8 percent in 2017.
