Islamic Republic of Iran: Staff Report for the 2006 Article IV Consultation

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Volume/Issue: Volume 2007 Issue 100
Publication date: March 2007
ISBN: 9781451819038
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Taxation - General , ISCR , CR , WEO oil price baseline , budget proposal , Iran , staff appraisal , participation paper , growth outlook , Oil prices , Currencies , Oil , gas and mining taxes , Fiscal stance , Global , Europe , Asia and Pacific

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Summary

This 2006 Article IV Consultation highlights that with high oil prices and a significant policy stimulus, the Iranian economy continued to grow strongly in 2005–06. Real GDP growth is estimated at 5½ percent. Oil GDP growth was modest owing to capacity constraints, while non-oil GDP growth was broad based, reaching 6 percent. The tensions associated with the nuclear issue, however, had some adverse effects on private investment. With energy prices projected to remain high and external demand continuing to support non-oil exports, Iran’s near-term growth prospects look favorable.

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