Iran: IMF projects 6 per cent GDP growth
Iran's national economy has maintained a strong and broad-based growth in the current fiscal year 2005-06 (Iranian year 1384) with real GDP projected to grow by six percent.
A statement by the International Monetary Fund (IMF) 2005 article IV consultation mission to the Islamic Republic of Iran, dated December 10, said unemployment rate in Iran is put at 11 percent in the current year.
The statement added that inflation in Iran has declined from 15.2 percent to 13 percent, but remains high.
The mission welcomed the authorities' intention to continue the economic reforms envisaged in the twenty-year vision and the current fourth five-year development plan, including privatization of public enterprises, promotion of private sector activity, attraction of foreign direct investment, and financial sector reform.
The mission encouraged the authorities to accelerate the preparation and implementation of reforms to enhance growth and employment creation.