TEHRAN: Iran expects economic growth of more than five per cent in 2016 after the lifting of sanctions on the country, state television quoted the central bank governor as saying.
“Iran’s economic growth slowed down in 2015 but domestic and international predictions both indicate that growth in 2016 would be beyond five per cent,” Valiollah Seif said on Saturday.
Iran emerged from years of economic isolation in January when world powers led by the United States and the European Union lifted crippling sanctions against OPEC’s No.3 oil producer in return for curbs on Tehran’s nuclear ambitions.
