Uninspiring Q106 Data

November 2006 | Economic Analysis

We anticipate real GDP growth of 5.85% in 2006, up from 5.4% in 2005, underpinned largely by growth in the non-oil sector which will be boosted by expansionary fiscal policy. Indeed, new Q106 data released by the Central Bank of Iran presents a lacklustre economy which is been dragged down by static oil sector growth and supported only by massive rises in government spending which is boosting consumption and non-oil sector expansion. The key impediments to growth remain the government's imprudent economic policies, as well as the high political risk, which is largely connected to Iran's nuclear ambitions that

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