Iran economy's recovery strengthening but bank reform is urgent, IMF says:
"Iran’s economy is starting to recover more rapidly from years of international sanctions but the country urgently needs to shore up its banks, a senior International Monetary Fund official said on Monday.
Gross domestic product growth soared to 12.5 percent in the year through last March 20, but that was almost entirely due to a leap in oil exports, after most sanctions were removed under a deal with world powers on Tehran’s nuclear program.
Oil exports are no longer growing nearly as fast. But the economic recovery is now beginning to extend to non-oil areas, said Catriona Purfield, head of an IMF team which held annual consultations with the Iranian government this month. "
'via Blog this'
No comments:
Post a Comment