Iran’s economic growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024) with/without oil included increased 4.5 percent and 3.6 percent respectively.
The secretary general of the Association of Home Appliances Manufacturers in Iran said the production of home appliances increased by 18.2 percent in the previous Iranian calendar year (ended on March 19) compared to a year before.
Iran’s economy grew by 5.7% in the fiscal year ending in late March 2024, marking the highest growth since 2017, according to the Statistical Center of Iran (SCI).
The World Bank (WB) in its latest report predicted that Iran’s economy will grow 3.2 percent in 2024 and the inflation rate will decrease to 35 percent.
The latest official figures show that Iran’s annual inflation rate has reached 37%, which is the lowest rate in the past three years.
Iranian legislators have passed a bill to make Saturdays, in addition to Fridays, weekend holidays.
Governor of Iran Central Bank (CBI) Mohammadreza Farzin has urged the need for prioritizing the use of offshore rial in trade exchanges with Russia as he said the operational measures have been finalized in this regard.
A recent report by the Statistical Center of Iran (SCI) suggests that the country’s year-on-year inflation has declined by 1.9% year-on-year in the calendar month to late April.
Iran’s gold reserves has seen an unprecedented growth last year, especially over the past three months, according to Al Mayadeen.
A recent report by the World Bank suggests that the percentage of the Iranian population living below the poverty line has declined by 37% over the past two years.