Iranian President Hassan Rouhani highlighted the country’s economic growth by 4.4 percent in the first three months of the current Iranian year, which began on March 20, 2016.
Iran’s economic growth rate was minus 6.8% in 2013 when the new government took office and now in the first three months of the current year it has has reached 4.4 percent, President Rouahni said in a speech in the southwestern city of Yasuj.
Rouhani further hailed the July 2015 nuclear agreement between Iran and world powers, known as the Joint Comprehensive Plan of Action (JCPOA), saying that “the deal has set the grounds for Iran’s economic progress by removing international sanctions against the country”. However, he said, optimism to the agreement does not mean optimism to the US government.
The remarks came following the world countries increasing inclination to engage Iran in the global economy. The country and the so-called 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear program and started its implementation on January 16.
The comprehensive nuclear deal terminated all nuclear-related sanctions imposed on Iran. Analysts expect significant economic growth for Iran with the complete implementation of the JCPOA.