Radio Zamaneh
  • Home
  • Labor Rights
  • Advertise
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
    • Republishing Guidelines
No Result
View All Result
  • Home
  • Labor Rights
  • Advertise
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
    • Republishing Guidelines
No Result
View All Result
Radio Zamaneh
No Result
View All Result

Iran’s slowdown may be worse than predicted: IMF

by Zamaneh Media
November 12, 2012
in Latest Articles
Reading Time: 1 min read
0
Iran’s slowdown may be worse than predicted: IMF

The International Monetary Fund announced today that due to Iran’s currency crisis, the Islamic Republic economy may contract by more than the IMF had previously predicted.

An earlier IMF forecast said the Iranian economy would decline by about 0.9 percent in 2012 and grow by 0.8 percent in 2013. AFP reports that Masood Ahmed, the head of the Middle East and Central Asia department of the IMF, said in an interview that the earlier prediction was based on data from before the rial’s steep fall against the dollar. He added that inflation may go as high as 25.2 percent, according to estimates.

Iran’s national currency has lost 40 percent of its value against the dollar in the past year, because U.S. and European Union sanctions against Iran’s oil and financial sectors are cutting into its oil exports.

Ahmed also points to a reduction in revenues from other sectors of the Iranian economy, such as agriculture.

Related Posts

Re-reading Bahmanyar, a prominent Tajik writer
Featured Items

Re-reading Bahmanyar, a prominent Tajik writer

July 14, 2025
Condemned for Compassion: The Death Sentence of Rezgar Beigzadeh Babamiri
Latest Articles

Condemned for Compassion: The Death Sentence of Rezgar Beigzadeh Babamiri

July 9, 2025
A Collective Statement by Men Advocating for Gender and Sexual Equality: Let Us End This Silence and Complicity
Human Rights

A Collective Statement by Men Advocating for Gender and Sexual Equality: Let Us End This Silence and Complicity

June 14, 2025
The Light Carried Forward: Migration, Exile, Flight and Cinematic Creation
Latest Articles

The Light Carried Forward: Migration, Exile, Flight and Cinematic Creation

May 9, 2025
A Dutch Artist Inspired by Women, Life, and Freedom in Iran: An Interview with Rienke Enghardt
Latest Articles

A Dutch Artist Inspired by Women, Life, and Freedom in Iran: An Interview with Rienke Enghardt

September 23, 2024
Afghan Migrants Speak Out: Legal Residents Expelled from Iran
Human Rights

Afghan Migrants Speak Out: Legal Residents Expelled from Iran

August 16, 2024
Radio Zamaneh

© 2024 Zamaneh Media

More information

  • Sponsors
  • Donate
  • About us
  • Contact us
  • Legal

Follow Us

No Result
View All Result
  • Home
  • Labor Rights
  • Advertise
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
    • Republishing Guidelines

© 2024 Zamaneh Media