IMF predicts inflation rate in Iran will shrink
The International Monetary Fund (IMF) expects that inflation rate in Iran, which had been announced to be 49% in 2022, will be 42% and 30% in 2023 and 2024, respectively.
According to the international monetary body, Iran’s economy will experience a two-percent growth in 2023 and 2024 after, witnessing a 2.5 percent growth in 2022, showing negligible growth compared to the world’s economic growth average, Middle East countries and new emerging economies of the region, reported Tasnim news agency. But the prediction of high economic growth of countries, including India and China, as the two largest consumers of energy and oil in the world can be positive signs for the oil and energy export perspective, and Iran’s total trade with these countries, in particular, following the promotion of Iran’s relations with the aforementioned countries within the framework of regional trade agreements, the Shanghai Cooperation Organization (SCO) and the Eurasian Customs Union.