The World Bank (WB) in its latest report dubbed “Global Economic Prospects” has estimated a 2.2 percent growth for Iran’s economy in 2023, a figure which is higher than the average growth forecast for the global economy and despite the fact that the country is still under sanctions imposed by the United States.
The bank has predicted that due to the contractionary monetary policy adopted by many countries this year, the average economic growth in the world is expected to decrease from 3.1 percent in 2022 to 2.1 percent in 2023.Based on the WB report, Iran’s Gross Domestic Product (GDP) grew by 4.7 percent in the last quarter of the previous year, while the average GDP growth for most of the advanced countries like the U.S., China and many European countries was less than the said figure.—Tehran Times
