Iran Economic Monitor, Spring 2022 : Managing Economic Uncertainties - With a Special Focus : Preparing for an Uncertain Water Future
This Iran Economic Monitor (IEM) provides an update on key economic developments and policies as of Spring 2022. Iran’s economy continued its gradual recovery in 2021-2022 following the rebound in domestic and external demand. Despite a more accomm...
| Main Author: | |
|---|---|
| Language: | English en_US |
| Published: |
Washington, DC
2022
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099340408012232699/IDU03b8c65ad0089804d57096be0796fe5acbca7 http://hdl.handle.net/10986/37792 |
| Summary: | This Iran Economic Monitor (IEM)
provides an update on key economic developments and policies
as of Spring 2022. Iran’s economy continued its gradual
recovery in 2021-2022 following the rebound in domestic and
external demand. Despite a more accommodative fiscal policy
in 2021-2022, higher oil and tax revenues have improved the
fiscal deficit-to-GDP ratio. GDP growth is projected to
remain modest in the medium term, as the economy remains
constrained by both global and domestic gr owth bottlenecks.
A more favorable global oil market outlook is projected to
improve Iran’s fiscal and external balances. Iran’s economic
outlook is subject to significant risks. Consumer price
inflation accelerated due to a combination of supply-push
and demandpull factors, adding to pressures on the welfare
of lower-income households. Addressing long-term development
challenges, including impending climate change shocks,
requires a comprehensive package of economic reforms
complemented by adequate social protection measures. |
|---|