Report

Iran Economic Monitor, Fall 2016 : Towards Reintegration

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank Group
dc.date.accessioned
2017-01-17T20:12:43Z
dc.date.available
2017-01-17T20:12:43Z
dc.date.issued
2016-09
dc.description.abstract
The economy-wide positive impact of the JCPOA since January 2016 is proving to be slower than expected. Iran’s economy moderated to an estimated annual growth rate of 0.6 percent in 2015 ahead of the implementation of the Joint Comprehensive Plan of Action (JCPOA). Following the removal of nuclear-related sanctions in January 2016, the growth rate is projected to average 4.5 percent in 2016–2018, up from a 0.5 percent average in 2013–2015. Thisprojected recovery which will rely on favorable external factors, is expected to be driven by (i) a significant increase in energy sector activity thanks to the removal of sanctions; (ii) increased inflows of foreigninvestment; and (iii) lower trade and financing costs that will help the non-oil sector contribute significantlyto overall growth and job creation. However, there are significant downsiderisks to Iran’s medium-term outlook. While the January 2016 lifting of the nuclear-related sanctions is expected to reveal the dynamism of the Iranian economy, a large structural reform agenda remains key in moving towards the ambitious growth target under the 6th five year development plan. The plan envisages the implementation of reforms of state-owned enterprises, the financial and banking sector, and a greater emphasis on the allocation and management of oil revenues to productive investments among the main priorities of the government during the five-year period.
en
dc.identifier.uri
http://hdl.handle.net/10986/25865
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
economic growth
dc.subject
economic outlook
dc.subject
unemployment
dc.subject
labor market
dc.subject
public finance
dc.subject
monetary policy
dc.subject
fiscal trends
dc.subject
external position
dc.subject
poverty trends
dc.subject
shared prosperity
dc.subject
inequality
dc.subject
poverty
dc.subject
air pollution
dc.subject
inflation
dc.title
Iran Economic Monitor, Fall 2016
en
dc.title.subtitle
Towards Reintegration
en
dc.type
Report
en
okr.date.disclosure
2016-12-29
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/741891483046725613/Iran-economic-monitor-towards-reintegration
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b0848222c2_1_0
okr.identifier.internaldocumentum
27064007
okr.identifier.report
111462
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/741891483046725613/pdf/111462-WP-P162048-PUBLIC-IranEcoMonitor-12-22-2016.pdf
en
okr.region.administrative
Middle East and North Africa
okr.region.country
Iran, Islamic Republic of
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Economic Forecasting
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Environment :: Air Quality & Clean Air
okr.unit
GMF - MENA (GMF05)

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