Saturday, January 15, 2011

Declining Economic Growth and Foreign Investments in Iran – World Bank

The latest report by the World Bank on Iran’s economic growth in recent years shows serious effects of the global slowdown and the severe economic sanctions on the Iranian economy. The Central Bank of Iran, which normally publishes the growth rates for the country, has in the past three years declined to do so. According to the World Bank, the growth rate in 2010 is estimated at 1.5%, in 2009 at 1.4%, and in 2008 at 2.3%; the signs of an economic stagnation.

The Bank’s world economic outlook report released this week also predicts continued decline of foreign investments in Iran. The volume of direct foreign investment for 2011 is estimated at $1.2 billion, in 2010 at $2.9 billion, and in 2009 at $3.2 billion; a dramatic 67% decline in foreign investments in a span of two years.

The subsidy reforms undertaken by the government in the past two months are designed to cut the government’s expenditure by some $80 billion in their first year (although this estimate looks increasingly unrealistic and the real savings could be half that). The government is also planning to hand out some $29 billion in cash each year to the individuals affected by the removal of government subsidies. The rising oil prices, expected to hit $100 a barrel, are expected to provide the cash necessary to continue the handouts. In light of the World Bank’s data on the economic stagnation of the country, the real necessity for removals of government subsidies becomes even more clear.


Anonymous said...

if you want a higher growth im Iran, you should pay for it with higher inflation.
as long as the government is the single investor, noting changes

Anonymous said...

Iran is doing almost everything away from the eyes of the AIPAC sponsored and monitored World Bank.

So their info is Bullshit.It is only what it is supposed to be.


Anonymous said...

Even this baised report gives credit to Iran's astute economic management despite 32 years of sanctions, destabilization efforts and every impediment including commercial sabotage the US and its Zionist cabal could throw at Iran. It is the US deadbeat economy that is dwindling by the day. Iran despite all obstacles has achieved around 2-3% real GDP growth, the actual figures aere higher since Iran's massive economy has many "grey areas" as we all know. Considering the western economic meltdown, just look at pathetic state US, UK and and the bankrupt PIIGS, Iran is a shining example of economic growth and self-reliance with vast increases in non-oil exports and technology.

Even if your read this "World Bank" a euphemism for the Bilderberg global looters, this is their summation:

Iran’s economy grew 1.5 percent in 2010 and is predicted to reach 3 percent in 2011 and another 3 percent in 2012.

The report envisaged a positive trend of 3.3 percent for the world economy in 2011 recovering from the slump in 2008.

The average economic growth in the Middle East in 2010 was 3.3 percent which is predicted to hit 4.3 percent in 2011.

According to World Bank predictions GNP will also rise in Iran in 2011 and go up to 6.7 percent from 6.1 percent last year

Anonymous said...


by: ibebrainwashed

Anonymous said...

last anon

what a cynical a-hole you must be.
and frustrated beyond measure...



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