The head of the Middle East and Central Asia Department of the International Monetary Fund reports that the Rohani administration has brought greater stability to the Iranian economy, which is expected to grow at a rate of 1.5 percent in the coming year.
In the past two years, Iran’s economy has shrunk by 8 percent and the national currency has lost two-thirds of its value against the dollar.
Bloomberg also reports that, according to the IMF, declining inflation will fuel positive growth in the Iranian economy.
The report indicates that the economic stability is also a result of the Rohani administration’s reduction of fuel subsidies and the easing of sanctions. The report goes on to add, however, that the stability has not yet resulted in job creation, which would produce a positive change in the day-to-day life of Iranians.
