Press TV - High oil income makes for higher levels of consumption and investment. The UK-based Economist Intelligence Unit has forecast Iran's economic growth to rise from 6.2% last year to 6.5% in the current year.

In its latest July report, the EIU says Iran's high oil income allows the government to continue its expansionary fiscal policy, which will lead to higher levels of consumption and investment.

According to the Economist forecast, the country's economic growth rate in the next Iranian year (starting March 21, 2009) will be 6 percent, to be followed by a rate of 5.6 percent in the following two years.

The forecast puts the country's rate of economic growth at 5.8 percent four years from now.

... Payvand News - 07/30/08 ... --