Iran inflation rate to hit 28%
Tehran, Iran, Feb. 22
Iran's Ministry of Economic Affairs and Finance has predicted the country's economic growth would reach negative level of -2.5 percent while the maximum inflation rate in the current Iranian year (March 21, 2018) would be 27.8 percent.
The Ministry has issued a report on the country's inflation rate, economic growth prediction and Iran's economic performance during past nine months, Trend reports citing Fars News Agency.
Institute of Economic Affairs has predicted the economic growth in current Iranian year (March 21, 2018) based on leading variables such as foreign exchange rate, oil price and volume of oil exports.
The result shows economic growth during first sixth months of year was 0.4 percent while it is expected to have fluctuation between -1.1 to -2.5 percent.
The international organizations have also predicted the Iran economic growth would continue to fall to negative rate through the whole year.
The World Bank 2018-2019 outlook for Iran's economy predicted 23.8 percent inflation rate while the economic growth would fall to -1.6 percent.
The International Monetary Fund has also predicted -1.5 percent economic growth and 29.6 percent inflation rate for Iran.