Chủ Nhật, ngày 20 tháng 7 năm 2014

Economy Minister: Iranian Gov"t Trying to Control Economic Slowdown, Inflation


Tayyebnia said the package of government is comprehensive and complete, envisioning fiscal, monetary, financial, trade, foreign exchange, and budget policies to get rid of the recession conditions.



He said relative lengthy studies were made to prepare the package.



Early in June, the Central Bank of Iran (CBI) announced that the country’s inflation rate has decreased by 9.8 percent since the administration of President Hassan Rouhani took office in August 2013.



The CBI said that the inflation rate reached 30.3 percent in May 2014, showing a sharp decrease compared with the 40.1-percent figure in September 2013.



The CBI noted that the fall in inflation rate started in November 2013, two months after Rouhani warned that the Iranian economy was in the state of stagflation, a situation where the inflation rate is high and the economic growth rate slows down.



The Rouhani administration has envisaged a 25-percent inflation rate for the current Persian calendar year (ending March 20, 2015).



Analysts believe that a rise in production of goods and services has attracted liquidity to these sectors and led to the new fall in inflation rate.



 



 



 



 





Economy Minister: Iranian Gov"t Trying to Control Economic Slowdown, Inflation

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