Photo via Bloomberg
Published 13 Dec,2020 via Bloomberg Markets - Iran’s economy grew 1.3% in the six months to mid-September compared with the same period last year, despite an ongoing struggle with the Middle East’s worst coronavirus outbreak and crippling U.S. sanctions.
Abdolnaser Hemmati, head of the Central Bank of Iran, attributed the recovery to a boost in manufacturing and agriculture, plus improved cash flow at the country’s banks. Non-oil gross domestic product grew 1.4% from a year earlier, Hemmati said in a statement posted on Instagram on Sunday.
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Golnar Motevalli