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  • 14-10-21

    Iran: International Monetary Fund predicts 2.5-percent real gross domestic product

    (MENAFN)The International Monetary Fund (IMF) estimated a 2.5-percent real gross domestic product (GDP) development for Iran in the current year, in its latest World Economic Outlook report titled “Recovery During a Pandemic”, with no alteration from the fund’s previous report.

    It has altered its predictions of the global economic development from six percent in its previous report to 5.9 percent; the fund estimates the global economy to decrease even more in 2022 to reach 4.9 percent in the next year.

    The report further declared that the descending revision for 2021 shows a relegate for advanced economies—in part as a result to supply interruptions—and for low-income developing countries, mainly because of worsening pandemic dynamics.

    The report added that “The global economic recovery is continuing, even as the pandemic resurges. The fault lines opened up by COVID-19 are looking more persistent—near-term divergences are expected to leave lasting imprints on medium-term performance. Vaccine access and early policy support are the principal drivers of the gaps.”

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