Economy Minister Predicts 5% Economic Growth


Economy Minister Ali Tayyebnia said on Monday May 6 that Iran’s economy will grow by 5% in 2016-2017.

Tayyebnia made the remarks in his report to the new Iranian Parliament on the country’s economic situation.

He reiterated that this year could be considered as a turning point for ending the country’s slow economic growth and accelerating economic progress nationwide.

Touching upon Iran’s positive economic landscape, he added that international economic organizations and experts are also optimistic about the country’s economic progress.

The Iranian minister also cited the continuous dependence of the economy on oil as a major challenge facing the country.

He added that the country has rapidly managed to increase its production and export capacity in the oil field and is now exporting over two million barrels of oil per day.

IFP Media Wire
Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.


Please enter your comment!
Please enter your name here