Iran News ...


10/22/06

Iran's economic growth to reach 5.8% by yearend: Central Bank director

TEHRAN, Oct. 22 (Mehr News Agency) - Nation's economic growth index is expected to reach 5.8% by yearend (Iranian year ending March 20, 2007), the head of the Central Bank of Iran (CBI) told the Persian service of ISNA on Sunday.

"The assessment is based on international monetary standards despite the slower trend, 4.7%, experienced in the first quarter of the year," Ebrahim Sheibani continued, stipulating, the 7.1% figure for the same period in the previous was indicative of much higher 'foreign' investment in the country's oil sector compared to the current fiscal year (started March 21, 2006).

Iran's gross national product witnessed Rls.104,590 billion mark, corroborating 7.4% increase against 1376 (March 21, 1997 to March 20, 1998) base price.

The country's economic growth was set at 4.5% last year.

... Payvand News - 10/22/06 ... --



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