Stability and reform - the key to economic growth

Siddiqi, Moin A.
July 2003
Middle East;Jul2003, Issue 336, p46
Iran's economy has performed briskly over the past three years, more impressively, non-oil activities grew by 6% in real terms, reflecting increased manufacturing, construction and agricultural output, and buoyant domestic demand. Iran, the worlds fourth largest oil producer and the second most populous nation in the Middle East region after Egypt, is slowly integrating into the global economy and financial markets. The economy has performed briskly over the past three years, with real GDP growth averaging 5.4% a year, pinned by fixed investments in upstream oil/gas and downstream industries, mainly petrochemicals and steel, stronger energy prices, increased export volumes and government spending, as well as improved business confidence.


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