The World Bank expected the Iranian economy to grow by 2.2% in 2023, which would be higher than the expected growth rate of the global economy this year, despite ongoing sanctions on Tehran.
In its latest report titled “Global Economic Prospects”, the World Bank warned that the anti-inflationary policy of world central banks in 2023 will lead to a significant reduction in the economic growth of countries this year.
The international institution predicts that due to the monetary deflationary policies of countries this year, the global economic growth rate will decrease from 3.1% in 2022 to 2.1% this year.
Inflation will continue to be a problem for the global economy, but is expected to improve due to lower demand and commodity prices, according to the report.
The slowdown in global economic growth in 2023 will be associated with a decline in economic activity in developed countries.
In its assessment of the economic situation in Iran, the World Bank expects that Iran’s economic growth this year will be 2.2%, which is in line with the average economic growth in the Middle East and North Africa region this year.
The growth rate of the economies of the Middle East and North Africa was 5.9% last year, which will decrease, according to forecasts of the World Bank, to 2.2% in 2023.
The World Bank estimates that the Iranian economy will achieve economic growth of 2.9% in 2022. The World Bank’s expectations in its new report on Iran’s economic growth in 2023 are unchanged from last January’s report.
Source: Erna
