Iranian president says economy snapping out of recession
Tehran, Iran, Oct. 13
By Milad Fashtami - Trend:
Iranian president Hassan Rouhani said that Iran's economy is coming out of recession.
"Recession was a big obstacle from the beginning of the government's work last year. The inflation was also above 40 percent," he said.
"Iran's economic growth was -6.8 percent in the [Iranian calendar] year of 1391 (ended March 20, 2013). The figure reached -2.9 previous year (ended March 20, 2014)," he said, explaining that oil industry was the first snapping out of recession.
"Iran's oil output faced a 13.7-percent increase previous winter," Rouhani added. "Iran's imports also rose by 22.2 percent last winter," he said.
Iranian president went on to note that the economy continued its rising trend in the first quarter of current year.
Oil industry's growth increased by 6.1 percent in the first quarter of current year compared to same period previous year.
"Iran's tourism doubled in the first quarter compared to same time span last year. Iran's industries and mines sector also faced a 10-percent boost," he said, adding that Iran's car, steel, and petrochemicals production also increased in the first three months of current year.
Rouhani made the remarks at a live TV interview.