Baku, Azerbaijan, June 7
By Fatih Karimov - Trend:
Iran's economy will grow by five percent by March 2017, Economy Minister Ali Tayebnia said.
There is no doubt that the administration will reach the five percent economic growth in current fiscal year (started March 20), Tayebnia said, SHANA news agency reported.
He further said that oil output increase will help the country reaching the predicted economic growth targets.
However Tayebnia added that growth which comes from oil export is not inclusive and people would not feel its effects in their life as drastic changes to better in economic conditions.
He called the country's banks to take serious steps in financing small and medium sized industries in order to revive them.
Small and medium-sized industries cover lives of the majority of people, Tayebnia said, adding providing these firms with credits is a priority for the government.
According to the latest report of the International Monetary Fund, Iran's GDP growth for 2015 stood at zero percent, and is expected to reach four percent in 2016.
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