Islamic Republic of Iran: 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Iran

IMF Staff Country Reports, March 29, 2018

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Islamic Republic of Iran: 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Iran

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Bibliographic details

• Published: March 29, 2018
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484349243.002

Growth and economic activity

• Real GDP growth is expected to reach 4.3 percent in 2017/18.
• In the first half of 2017/18, the recovery broadened to the non-oil sector, aided by supportive fiscal and monetary policies and a recovery in construction and services activity.
• Real GDP growth is expected to ease to 4 percent in 2018/19.
• Real GDP growth is forecast to average 4.5 percent over the medium-term.

Labor market and unemployment

• The unemployment rate declined to 11.7 percent in the first half of 2017/18.
• Unemployment remained particularly high for youth and women.

Inflation and prices

• Inflation averaged 9.9 percent during the first 11 months of 2017/18.
• Inflation moderation was aided by moderation in food prices and stable administered prices.

Policy environment

• Recovery in the non-oil sector was supported by fiscal and monetary policies (described as supportive in the report).
• Sectoral drivers included a recovery in construction and services activity.

Key statistics and publication metadata

• Pages: 74
• Volume: 2018
• Issue: 093
• Series: Country Report No. 2018/093
• DOI: https://doi.org/10.5089/9781484349243.002
• Stock No: 1IRNEA2018001
• ISBN: 9781484349243
• ISSN: 1934-7685

International Monetary Fund. Middle East and Central Asia Dept. "Islamic Republic of Iran: 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Iran", IMF Staff Country Reports 2018, 093 (2018).

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