Tehran, Iran, April 15
By Mehdi Sepahvand –- Trend:
Iran’s economic growth hit 8 percent last fiscal year (which ended March 20), said the country’s Minister of Economy and Financial Affairs Ail Tayyebnia.
This was a four-year improvement from -6.8 percent when the incumbent administration took office in 2013, he told a conference on exchange, banking, and insurance, Mehr news agency reported April 15.
In the meantime, he added, currency oscillations were dampened from around 90 percent in a year to something about 5 percent.
Also, since the onset of this government, misery index shrank from 42.6 to 21.4 percent, while the country has gotten past a cumbersome stagflation, the minister noted.
Also, he underlined, Iran’s global ranking in ease of doing business index improved by 32, its ranking in economic freedom improved by 18, and its ranking in transparency and control of corruption improved by 14.