Business & Economy | Energy & Oil Art | Film & Music | Events Heritage & History Philanthropy
Sports | Politics For Peace | Society & Culture Literature & Books Health & Medicine
Rights | Women | Diaspora Travel | Environment & Geography Science & Education Middle East & Asia

Home|News|Archive|RSS
twitter|facebook|Privacy Policy



Payvand Iran News ...
07/31/14 Bookmark and Share
Stats show dire state of Iran's economy, industry

Source: Radio Zamaneh


Iran's economy shrinks 2.2%
cartoon by Payam Borumand, Shargh daily, Tehran

Iran's Industry Minister says the economy has shrunk by 2.2 percent since the last measurement and 50 percent of the manufacturing sector is now in recession. Mohammadreza Nematzadeh said "severe currency fluctuations, a lack of equipment and a lack of foreign investment" have left more than 10,000 industrial units half-finished all across the country.


Iran's Industry Minister, Mohammadreza Nematzadeh

In the past two years, the economy has shrunk by as much as 5.8 percent and inflation has reached as high as 40 percent. The Rohani administration, which took power last August, has been trying to control inflation to stimulate the economy.

The Rohani government is also working hard to reach a deal with the 5+1 to end the international sanctions against Iran.

... Payvand News - 07/31/14 ... --



comments powered by Disqus

© Copyright 2014 NetNative
(All Rights Reserved)

Popular Now

Join Payvand's Facebook Page

join Payvand's daily News mailing list
* indicates required

Home | Contact | About | Archive | Web Sites | Bookstore | Persian Calendar | twitter | facebook | RSS Feed