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Economist decreases forecast on Iran's GDP growth

Source: Mehr News Agency, Tehran

Economist slashed down its previous forecast and predicted that Iran Gross Domestic Production will increase over $54 billion in the current year.

ISNA news agency cited Economist's August report stating that GDP rose from $361.2 billion last year to $415.5 billion this year. Next year this figure will rise to $488 billion the report stated.

GDP real growth rates for 2007
Gross Domestic Product (Wikipedia)

It is believed that in the Iranian calendar year of 1391 (starting March 2012) GDP will reach $580.8 billion.

In 1392, it will reach $686 billion and in the following year the figure will be $797 billion according to latest forecast by the Economist magazine.

Related Article: Iran's GDP to grow by $55.5B- The Economist - 4/6/10

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