Macroeconomic Forecast Iran

We have recently lowered our FY2010/11 and FY2011/12 (note: Iranian years begin in March) real GDP growth forecasts for Iran to 2.1% and 3.4% respectively, from 3.4% and 3.7% previously. The downward revision to our outlook was driven by lower forecasted real gross fixed capital formation and real export growth.

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