Iran government confident economic stimulus will end recession (Exclusive)
Tehran, Iran, November 11
By Temkin Jafarov, Mehdi Sepahvand -- Trend:
Iranian government spokesman Mohammad Baqer Nobakht said the economic stimulus package recently introduced by the government is sure to lead to economic growth in the short term.
"The stimulus package is based on theoretically and logically sound principles and will yield good results in all areas," Nobakht told Trend on Nov. 11.
"The stimulus package matches Iran's economic reality and, God willing, could show short-term success.
"We are optimistic about this plan in all economic areas. I hope to announce the successful outcomes of this economic package in the near future," he stated.
The Iranian government unveiled the economic policy package in late October to stimulate growth in the stagnant economy through greater investment in production and encouragement of consumer spending.
The measures will be in force for six months in the run-up to the removal of international sanctions against Iran.
The sanctions are to be lifted in the coming months following Iran's landmark deal on its nuclear program, which was reached in July.