In its recent report, the World Bank has forecasted Iran’s gross domestic product will grow by 0.6 percent in 2015.
It is while in its June report, the bank predicted a 1 percent GDP growth for the country in 2015 and a 2 percent GDP growth in 2016.
In August, Business Monitor forecast that the Iranian economy will see 1 percent and 4 percent growth rates this year and the upcoming year, respectively, when the Iranian economy breathes in the post nuclear accord era.
In its June 2015 Global Economic Prospects report with the theme of The Global Economy in Transition, the World Bank said Iran’s economy expanded by 3.7 percent in 2014.
The Central Bank of Iran has announced that the national economy expanded by 3 percent in the previous Iranian calendar year, which ended on March 20, 2015.
The World Bank’s recent report says as a result of conflict and instability, low oil prices, and the slow pace of reforms, growth in the Middle East is expected to slow to 3.1–3.3 percent in 2015 and 2016.