Tehran, Iran, Feb. 2
By Kamyar Eghbalnejad – Trend:
Volatile market environment in Iran has led to Iran's decline in the international doing business environment, an Iranian economic analyst told Trend.
Ahmad Shabanifard, who had earlier responded to the questionnaires from the World Bank’s Doing Business team, said that the country in 2018 ranked 124th across 190 economies, going down 4 positions in comparison with the previous report.
“Part of this decline is due to sanctions imposed on Iran and the rest is due to lack of knowledge in producing competitive products in the global markets. We need to develop our practical science in order to produce competitive products,” he said.
Saying that improving the business environment is a main factor in luring foreign investment to the country, he added that these improvements can be in raw materials chain, transportation, production, distribution and consumption.
Inflation rate in Iran’s urban areas for the 12-month period to the tenth Iranian calendar month of Day (ended on Jan. 21) hit 10 percent.
This is while Management and Planning Organization of Iran through its latest report has forecasted an unemployment rate of 12.1 percent with an economic growth of five percent over the next fiscal year (starting Mach 20).
The report suggests that the government’s general income over the first 10 months of the current fiscal year was about 222 trillion tomans (about $67.2 billion according to the currency rates envisaged in the budget bill).