Nuclear deal marks the beginning of a new era for Iran’s economy | GulfNews.com

Nuclear deal marks the beginning of a new era for Iran’s economy | GulfNews.com:



"The economic implications of Iran’s nuclear deal with the world powers and the lifting of sanctions would be enormous for Iranian economy but it could take 12 to 18 months before the full impact on the economy could be felt, according to economists and analysts.



In the context of the deal, GDP growth could accelerate from around 3 per cent in fiscal year 2015-16 to 6 per cent in fiscal years 2016-17 and 2017–18, according to the Institute of International Finance (IIF).



Analysts said the deal has the potential to give a big boost to Iranian exports, private investments, narrowing of fiscal deficit and decline in the large spread between the official and the black market exchange rates, subject to early lifting of international economic sanctions."



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