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World Bank predicts 2.2% growth for Iranian economy in 2023
The World Bank, in its latest report, has predicted a 2.2% growth for Iran’s economy in 2023, a figure which is higher than the average growth forecast for the global economy, despite the fact that the country is still under sanctions imposed by the United States.
Excerpts of the World Bank report, published by IRNA, showed that Iran’s economy had experienced a 2.9% rate of economic growth in 2022.
The report said that the average growth rate in the Middle East and North African economies in 2022 was 5.9%, and the rate will decrease to 2.2% in 2023.
The World Bank predicted that due to the contractionary monetary policy adopted by countries this year, the average economic growth in the world will decrease from 3.1% in 2022, to 2.1% in 2023.