Tehran Stock Exchange (TSE) continuing its sustained rally of the past two weeks, today passed the all time high of 2000 point mark. The rally has raised TSE’s total value to $90 billion.
Last August, Uskowi on Iran author Amir Taheri had predicted the continued surge in TSE value because among other things the stock market capitalization of under $100 billion in an economy with $335 billion GDP was thought to be undervalued. “Don’t expect to stop seeing the TSE continue to set new records,” Taheri had said.
It shows domestic and international confidence in Iranian economy. The fact that price of oil is heading towards $100 a barrel and the public acceptance of incremental subsidy removal has also enhanced the financial markets. Iran is also steadily increasing its non-oil exports, including autos and manufactured goods.
ReplyDeleteIran is also steadily increasing its non-oil exports, including autos and manufactured goods., I see Iran excelling in nuclear medicine, satellite technology many 21 century science and Pharmaceutics, many of these new innovations will be in reach of most of the developing world cost wise. I see Iran in 3-4 years reaching 10 in GDP terms. Viva Ahmedijado "El Mgnifico"
ReplyDeleteLet's not get carried away. The GDP growth in the past three years has been abysmal, around 1% annually. TSE is doing great and creating wealth, but by itself cannot resolve the development problems of the country.
ReplyDeleteit is an impossibility for Iran to be 1%
ReplyDeletealone the OIL brings 4-5% / even if Iran does not grow otherwise
Anon 7:08 AM,
ReplyDeleteWe certainly hope the Central Bank of Iran release the data on GDP. This is the third year that CBI has not published the economic growth data, although it always did that in the past, and its date were, and are, generally accepted as correct. Of course if you ask the central bankers, they tell you they are under government's orders not to release the GDP figures, and I tend to believe them, no other reasons why not. In the absence of CBI figures, we can only rely on World Bank estimates, which, I agree, are just estimates.
Not publishing or disinforming, is actually avoiding the westen anti-Iran block a confirmation of success in its embargos.
ReplyDeletePlease take note that no information from Iran is authentic and the reasons are obvious and not because they can't.
Its all a big game Nader.I tend to agrre with that anon. Iran can sit put and still hit the 4% mark by selling OIL.
Illuminati
Most independent 'western" economists even guesstimate Iran's real GDP growth in the 4-5% ballpark, perhaps more since the "grey" area of the economy is not included. The simple fact that Iran Khodro alone produces over 1 million vehicles should give a clue to the clueless.
ReplyDeleteGuys, then the question is why the government does not publish such high growth rates? Why the rate is kept as a state secret? CBI publishes all other figures, except this most critical one. Appreciate your takes as to why this is so.
ReplyDeleteNAder jan,
ReplyDeleteI guess as I presume, its not to agitate the already irritated western mood into inventing more anti Iran stories..
Iran wants to keep a low profile.
What does it matter, if they eat "Chelo Kabab" and loudly claim, wow.. what a "Nun o Panir"
get what i mean ??
Illuminati
I would agree. The "international community" consisting of pint sized thugs is already embarked on a 24/7 relentless campaign to demonize Iran. The best policy is to ignore them and keep the nation on its INDEPENDENT and SELF-RELIANT path. BTW, even the not so Iran friendly "Economist world yearbook 2011" states that Iran's economy is growing by 3.5-4% and its nomimal PPP GDP is around $938 BIlLION or close to a TRILLION dollars. Very impressive indeed for a beseiged nation under US/Zionist guns for 33 years.
ReplyDeleteAlso an interesting article in Asia Times on the US/Zionist murderous campaign against Iranian academics and failing efforts to destabilize the nuclear program.
Even though Nader's blog is a good one, lately it has fallen victim to the usual anti-Iran propaganda and ignoraing many of the real issues like the changing geo-strategic situation in the region, civil unrest from Morrocco to Egypt, Lebanon, Iran's successful miliitary developments and Artesh reorganization into smaller and faster rapid response units etc. Just yesterday Iran tested the upgraded HAWK batteries and their linkage with the national fibre optic AD grid. I wonder why Mark is not covering these developments?
Even though Nader's blog is a good one, lately it has fallen victim to the usual anti-Iran propaganda , the word on the Zionist hasbara street is to raise the level of anti-Iranian propaganda, you will see from now until 10 weeks when the STL will be released anti Iranian propaganda will hit the crescendo point. Stand firm Iran!
ReplyDeleteYes I think this is realistic and everything goes ok with Iran...
ReplyDeletetick tock, tick, tock...