Iran’s Economy Hinges on Outcome of Nuclear Negotiations – IIF Report

Iran’s economy hinges on the outcome of nuclear negotiations, according to a new report by the Institute of International Finance (IIF).  

“Recent sanctions have inflicted heavy damage on Iran’s economy,” said George Abed, senior counselor and director of Africa and the Middle East at IIF.

“(Iran’s) real GDP contracted by 6.6 percent in FY2012/13 and by two percent in FY2013/14. If a broad interim agreement is reached, Iran could see GDP growth of five and six percent in fiscal years 2015/16 and 2016/17, respectively.” (IIF, 5 December)

To read the IIF report, please click here