ID :
97166
Mon, 12/28/2009 - 23:24
Auther :
Shortlink :
http://m.oananews.org//node/97166
The shortlink copeid
Iran’s economic growth drops to 0.5%
TEHRAN, Dec. 28 (MNA) -- The Economist’s December 2009 report said that Iran’s GDP declined to 0.5 percent this year from 6.5 percent in last year.
The Economist forecast that Iran’s economic growth will reach 2.9 percent in the next Iranian calendar year (starting March 20, 2010) and in 1390 it will reach 3.5 percent.
Meanwhile, the International Monetary Fund (IMF) had predicted that GDP in Iran would stand at 1.5 percent this year.
The Economist Intelligence Unit previously stated in its October 2009 report that Iran’s share of Global Gross Domestic Product in the past year was 0.57 percent, and predicted that this year it will hit 0.65 percent, and next year it will climb to 0.71 percent.
The magazine predicted that in the next five years Iran will have a positive trend in Global GDP going up to 0.71, 0.79, 0.89, 0.98 and 1.07 percent, respectively.
GDP is the gross domestic product. For a region, the GDP is “the market value of all the goods and services produced by labor and property located in” the region, usually a country. It equals GNP minus the net inflow of labor and property incomes from abroad.
The Economist forecast that Iran’s economic growth will reach 2.9 percent in the next Iranian calendar year (starting March 20, 2010) and in 1390 it will reach 3.5 percent.
Meanwhile, the International Monetary Fund (IMF) had predicted that GDP in Iran would stand at 1.5 percent this year.
The Economist Intelligence Unit previously stated in its October 2009 report that Iran’s share of Global Gross Domestic Product in the past year was 0.57 percent, and predicted that this year it will hit 0.65 percent, and next year it will climb to 0.71 percent.
The magazine predicted that in the next five years Iran will have a positive trend in Global GDP going up to 0.71, 0.79, 0.89, 0.98 and 1.07 percent, respectively.
GDP is the gross domestic product. For a region, the GDP is “the market value of all the goods and services produced by labor and property located in” the region, usually a country. It equals GNP minus the net inflow of labor and property incomes from abroad.
