Monday, 25 October 2021 11:21 GMT

Iranian economy to grow by 2.1 percent in 2021

(MENAFN)The World Bank’s Macro Poverty Outlook (MPO) report for spring 2021 showed that Iranian economy is estimated to increase by 2.1 percent in this year as the domestic markets are recovering and the negative effect of the Coronavirus pandemic started to diminish.

Iran’s Gross Domestic Product (GDP) will continue its positive improvement over the coming two years, increasing by 2.2 and 2.3 percent.

The report further declared that “Despite an initial COVID-19 induced shock to GDP, a strong rebound in mid2020 led to a modest economic expansion in 2020/2021. The COVID-19 output loss since Feb 2020 was less pronounced [in Iran] than in other countries.”

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