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Governor of the Central Bank of Iran Abdolnasser Hemmati said that the country has had a growth in the economic field in the last 3 months of 2019.
Hemmati said that in the third quarter of 2019 (October, November and December) Iran had a growth in the field of economy, and the big workshops showed a 6.1% growth in comparison with the same period in 2018.
These days, due to the spread of the Coronavirus and the deaths of a number of compatriots and problems in Iranians’ daily lives, especially disruptions in the businesses, perhaps reporting positive statistics is considered abnormal, he wrote on his Instagram page on Wednesday,
God willing we will continue to see promising growth in the non-oil sector as soon as it overcomes the problems posed by the coronavirus outbreak, which should be a temporary shock, the central bank Governor said.
In relevant remarks in February, Hemmati had said that his country’s non-oil economy recorded a 0.4% growth in the first 3 months of the current Persian calendar year (March 21-June 21), adding that it showed that Tehran had contained the negative impacts of US sanctions.
Hemmati said in a post on his Instagram page that growth recorded in the first quarter of the local calendar year, compared to the similar period in 2018, was a first to come after months of depression that began following a decision by the United States last year to withdraw from an agreement on Iran’s nuclear program and impose sanctions on the country.
The CBI governor said the meager figure reported for growth in the period was below Iran’s real economic potentials.
He said, however, that the development was promising given that Iran had reported three quarters of negative growth over 2018-2019.
This achievement has been realized in light of tranquillity and relative stability of the market and easing of the impacts of the foreign shocks caused by sanction and pressure, said Hemmati.
