(Persia Digest) - Iran's Finance Minister has reacted to the latest report by the Research Center of the Islamic Legislative Assembly, Parliament, which has predicted a negative economic growth for next year, by saying the report is not scientific.
Farhad Dejpasand continued: “Given the measures taken by the government for the importation of goods into free zones, the import of machineries, capital goods, manufacturing equipment, etc, we can conclude that the country’s economic growth for next year cannot be negative.”
He added: “Other measures taken, such as the USD 1BN allocated to employment and specific resources designated for stimulating production in the country, we should not see a negative economic growth next year unless something unpredictable happens.”
Dejpasand also highlighted the good foreign exchange position of the country in the current situation, saying: “We have no shortage of currency at the moment and our non-oil exports over the past ten months have exceeded USD 35BN.”
Persia Digest (PD) reports that the Research Center of the Islamic Legislative Assembly published a report recently, taking into account two scenarios of crude oil and gas condensate exports as indicators of the depth of economic sanctions, forecasting that if the median for crude oil and gas condensate exports for the entire current Iranian year (21 March 2018 – 21 March 2019) is the equivalent of 1.900mbpd, dropping to 1mbpd for next year, the outcome will be a - 4.5 percent growth. If the median for crude oil and gas condensate exports for the entire current Iranian year (21 March 2018 – 21 March 2019) is the equivalent of 1.5mbpd, dropping to 800 thousand bpd for next year, Iran will have a – 5.5 percent growth rate.
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