IMF Staff Country Reports

Islamic Republic of Iran : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Iran

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

December 21, 2015

Electronic Access:

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Summary:

This 2015 Article IV Consultation highlights that economic activity in Iran has slowed down significantly since the fourth quarter of 2014/15 owing to sharp decline in global oil prices, tight corporate and bank balance sheets, and postponed consumption and investment decisions ahead of the expected lifting of economic sanctions. Twelve-month (point-to-point) inflation has declined to about 10 percent in recent months, largely reflecting lower food and beverage inflation, and the inflation rate is expected to remain close to 14 percent by year-end. Prospects for 2016/17 are brighter, owing to the prospective lifting of economic sanctions.

Series:

Country Report No. 15/349

Subject:

Article IV consultation reports Balance of payments statistics Bank supervision Banking sector Economic growth Economic indicators Fiscal consolidation Fiscal policy Iran, Islamic Republic of Labor market reforms Monetary policy Oil prices Press releases Staff Reports