Iran Is In Need Of Significant Reforms To Sustain Economic Growth

LONDON – Iran Is In Need Of Significant Reforms To Sustain Economic Growth, A senior official at the International Monetary Fund said on Wednesday that Iran can achieve significant economic growth over the next two years, but it needs major repairs to continue the pace of expansion.

Economic Growth

Economic Growth

He said Asim Hussain, deputy director of the Middle East and Central Asia Department of the Fund at a conference in London, “is heading the IMF forecast already at a very rapid growth.”

He continued that this rapid growth is expected during the next two years, in particular, but Iran must be conducted “substantial My First Online Payday reforms in the structure of the economy” to continue this pace.

The Fund said in January that he expected an increase in GDP growth to between 4 and 5.5 percent during 2016 and 2017 and to four percent on average over the medium term in the case of increasing oil production and return to the withdrawal of foreign assets and reduce trade and financial My First Online Payday transfers .

The Iranian government hopes to achieve an economic growth rate of eight percent in ten years. My First Online Payday