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4.4 percent GDP growth rate is not affected by promoting of production

Service : Economy
Member of management committee of economical commission in the Iranian Parliament referring to this point that the growth rate is not affected by promoting of production and is for increasing oil sales, said: If money stock caused by oil sale, goes toward the current budget, it may cause high inflation.
Tuesday, August 16, 2016 10:46:32 AM
4.4 percent GDP growth rate is not affected by promoting of production

Islamic Consultative Assembly News Agency – Seied Hassan Hussaini Shahroodi said on 4.4 percent growth rate of GDP: naturally the growth rate is affected by economic factors.

Iranian MP representing Shahrood and Miami electoral district continued: it is true that the GDP growth rate has been reinforced but we should note that for this purpose increasing oil revenues has been effective.

The economy of Iran is a mixed and transition economy with a large public sector. Some 60 percent of the economy is centrally planned. It is dominated by oil and gas production, although over 40 industries are directly involved in the Tehran Stock Exchange, one of the best performing exchanges in the world over the past decade. With 10 percent of the world's proven oil reserves and 15 percent of its gas reserves, Iran is considered an "energy superpower".

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