TEHRAN, Iran, Sept. 21
Trend:
The main factor that drives economic growth is investment, Iranian economic expert Vahid Shaghaghi said, Trend reports via IRNA.
“Lack of investments over the past 10 years led to Iran's economy shrinking by some 20 percent," he said.
According to latest statistics of the World Bank, he said that Iran ranks 23-rd worldwide by purchasing power, while previously, it was ranked 18-th.
“Iran's GDP has decreased from $1.3 billion to $ 1.1 billion," said Shaghaghi.
Meanwhile, he said Iran's economic growth will increase to 3.4 - 4 percent by the end of the current Iranian year (ends on March 21, 2022).
He went on to say that if sanctions are lifted, Iran's economic growth may reach more than 8 percent by the end of the year.