Iranian #Economy a Year After Sanctions

Iranian #Economy a Year After Sanctions

By January 2016 after the lifting of the nuclear- related sanctions in Iran, it provided a booth to #Irans_economy. Due to the lifting of sanctions and a more business oriented environment it will be a real GDP growth respectively. On the production side, growth will be mainly driven by higher hydrocarbon production. The lifting of sanctions, and in particular the positive impact this will have on the banking system, will significantly reduce international transaction costs. Strong capital inflows, including FDI and the repatriation of part of the frozen assets, could put upward pressure on the Iranian Rial which will help contain imported inflation. These sanctions relief included transactions of domestic banks and international banks and Iran’s frozen assets held abroad. Regarding the poverty there was a decrease of 4% between 2009 and 2013. After the lifting of sanctions Iran market has grown with many investors going there to invest in different kind of businesses, such as tourism , oil &gas , green energy, real estates , retail , pharmaceuticals and many other fields.

Iran is the second biggest economy in the middle east with a GDP of $393.7 billion in 2015. It opened up to international businesses after a decade of isolation. Doing business in Iran remains difficult however, as US sanctions remain, and are wide ranging. Not all sanctions are lifted completely a significant number remains the same. The number of inquiries we are getting from foreign investors is increasing.The country on its own has managed to survive, and that tells us that it is a good and strong market [to invest in].

Source: https://financialtribune.com/articles/domestic-economy/57594/iranian-economy-a-year-after-sanctions