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IMF: Iran’s economy to grow 1.3 percent in 2014

Iran Materials 9 October 2013 15:08 (UTC +04:00)

Azerbaijan, Baku, Oct.9/ Trend F.Karimov/

The International Monetary Fund has predicted that Iran's economic growth rate will shrink by 1.5 percent in the current year, the Fars News Agency said, citing the IMF's global economic outlook report.

According to the report, Iran's economy shrank 1.9 percent in the past year. But it has predicted 1.3 percent growth rate for the Iranian economy in 2014.

The IMF has also said that Iran's inflation rate will hit 42.3 percent in 2013, predicting that the figure will be 29 percent in 2014.

According to the report the unemployment rate will be around 13.2 percent in the current year, compared to 12.2 percent in the past year.

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