\n IMF projections indicate Iran\u2019s economy will perform better this year compared to 2025.
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The International Monetary Fund (IMF) expects Iran\u2019s economy to perform better this year compared to 2025.<\/p>\n
Latest IMF projections cited in a Monday report by the Tasnim News Agency showed that Iran\u2019s economy would expand by 1.1% in 2026, up from a growth rate of 0.3% in the previous year.<\/p>\n
The forecast comes as the World Bank has projected Iran\u2019s economy to shrink by 1.5% this year. The institution has also estimated that the economy contracted by 1.1% last year.<\/p>\n
The projections also follow forecasts by Iran\u2019s official statistics agency (SCI), published in September, which pointed to a negative growth rate for the country\u2019s economy for the first time in four years in the quarter ending late June 2025.<\/p>\n
SCI\u2019s data released in late September showed that Iran\u2019s gross domestic product reached 24,270 trillion rials (over $22.26 billion at free market exchange rates from late summer) in the second quarter, down 0.1% from the same period in the previous year.<\/p>\n
The contraction has been attributed to a decline in oil export revenues due to lower international prices, as well as regional tensions affecting shipping and trade.<\/p>\n
Iran has also been experiencing higher inflation rates in recent months due to these factors and reduced oil export revenues.<\/p>\n
Latest IMF forecasts suggest Iran could return to the pattern of positive growth seen since the second half of 2020, two years after the United States announced sweeping sanctions.<\/p>\n
The IMF considers data obtained from the SCI and the Central Bank of Iran in its economic growth calculations.<\/p>\n
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