Iran’s GDP set to rise 4-5% – IMF

IMF's First Deputy Managing Director David LiptonIran’s GDP could enjoy a growth rate of between 4 and 4.5% following an increase in the country’s oil revenues, the IMF’s First Deputy Managing Director David Lipton predicted this week. “Higher oil exports, along with lower costs of trade and financial transactions, as Iranian banks reconnect to the international financial system, would help support the economy, with real GDP growth projected at 4 –4.5% over the medium term,” he told a meeting of Iranian bankers and politicians in Tehran, where he is heading up an IMF delegation.
The recent nuclear deal between Tehran and world powers would lead to an economic boom, in the Islamic Republic, he added.