economy
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Time for IMF to Act Now
EghtesadOnline: Iran’s central bank governor has again called on the International Monetary Fund to resist US pressure and approve its application for financing to help bridge a 10 billion-euro…
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IMF: Iran Economic Growth to Reach 3.1 Percent in 2021
EghtesadOnline: The International Monetary Fund predicts Iran's economy to bounce back to growth in 2021.
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COVID-19 to Adversely Impact 15 Percent of Iranian GDP
EghtesadOnline: Estimates show 15% of Iran’s economy will be affected by the coronavirus outbreak, says Economy Minister Farhad Dejpasand.
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Long-Awaited INSTEX Transaction Insufficient
EghtesadOnline: The first transaction conducted under the European trade mechanism to bypass American sanctions is so small that its effect on Iranian economy is insignificant, a lawmaker said.
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European Dependence on US Hampers Borrell’s JCPOA Efforts
EghtesadOnline: Europe’s security and economic dependence on the United States impedes the European Union foreign policy chief’s endeavors to preserve the 2015 nuclear accord, an expert on internation…
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PMI Data: Iranian Economy Remains in Recession
EghtesadOnline: Purchasing Managers Index in the 10th month of the current fiscal year (Dec. 22, 2019-Jan. 20) settled at 44.26, indicating that Iran’s economy remains in recession, according…
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Xi Vows to Support Chinese Economy
EghtesadOnline: Chinese President Xi Jinping said on Monday that the government would prevent large-scale layoffs resulting from the coronavirus outbreak, Chinese state television reported, as…
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UN Forecasts Iran's Economy to Shrink 2.7% in 2020
EghtesadOnline: The United Nations forecasts Iran's economy to shrink by 2.7% and 1.2% in 2020 and 2021 respectively.
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Legacy of Dutch Disease in Iran's Economy
EghtesadOnline: It was a strongly-held belief that the abundance of natural resources (such as fossil fuels and certain minerals) in a country engenders economic growth.
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Iran’s Economy Incurs Heavy Losses From Natural Disasters
EghtesadOnline: Floods have inflicted losses worth nearly 90 trillion rials [$690 million] on Iran’s economy in the fiscal 2019-20.
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13 Monumental Challenges Facing Iran’s Economy
EghtesadOnline: Iran’s economy is facing 13 monumental challenges that have built up over the past decades, after it emerged from the shadows of oil revenues when the US reimposed sanctions on…
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Economic Reforms Needed to Withstand US Sanctions
EghtesadOnline: What if American sanctions remain in place for the next year? Will their effects be any worse than what was experienced in the past two years? How is it possible to enhance economic…
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NABKA: A tool for linking rural and agro-economy to the national and international economy
EghtesadOnline: An official with the Agriculture-Jihad Ministry informed on the inauguration of a mega project titled "link of rural economy and agro-market system" (NABKA) that in its very nature…
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First PMI on Iran's Overall Economy Exposes Recession
EghtesadOnline: Purchasing Managers Index in the ninth month of the current fiscal year (Nov. 22-Dec. 21) settled at 48.22, indicating that Iran’s economy is in recession, according to the Statistics…
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World Bank on Iran: No Growth Until 2021
EghtesasdOnline: The World Bank estimates that Iran's economy shrank 8.7% in 2019 compared to the previous year.
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Refusal to Join FATF Would Help Forge Int'l Front Against Iran
EghtesadOnline: Failure to ratify laws demanded by the global anti-money laundering watchdog will adversely affect Iran's economy, as it will help forge an international front against the country…
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Need to Immunize Economy by Boosting Production
EghtesadOnline: Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei stressed that the only way to address the country's current problems is to immunize its economy against sanctions…
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Britain Exploring Ways of Mitigating Iran's Economic Situation
EghtesadOnline: Although the effects of American sanctions on Iran's economy cannot be negated, Britain is cooperating with Tehran in good faith to find ways to mitigate the situation, a British…
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World Bank Predicts 8.7% Contraction for Iran in Fiscal 2019-20
EghtesadOnline: Iran’s economy is expected to contract further by 8.7% in 2019-20 due to external shocks to oil and gas output.
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Budget Without Oil May Impair Stock Market Performance
EghtesadOnline: With US sanctions on the oil industry taking a toll on the economy, including the national budget, the government has again pledged to reduce dependency on oil exports to zero…
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INTA Chief: 40% of Iran Economy Tax-Exempt
EghtesadOnline: Forty percent of Iran’s economy are exempted from paying taxes, the director of Iranian National Tax Administration said.
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US-China Trade Conflict’s Likely Aftermath for Iran
EghtesadOnline: Will the US-China trade war grow to affect Iran’s economy? Experts present two diverse perspectives on this escalating tension and its impact on Iran’s economy. One group believes…
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Central Bank of Iran Pins Hope on OMO to Curb Inflationary Effects of Liquidity
EghtesadOnline: The Central Bank of Iran is now focused on the upcoming open market operation hoping that the monetary policy would help curb inflationary effects of the ballooning liquidity…
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Think Tank Explores Poverty Trap in Iran
EghtesadOnline: In its latest report, Majlis Research Center, the influential research arm of the Iranian Parliament, has singled out a set of potential deterrents to poverty reduction in Iran’s…
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Leader Recommends Ways of Reinforcing Economy
EghtesadOnline: Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Wednesday that bolstering the economy by reducing reliance on oil and promoting small- and medium-sized enterprises…
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Caspian States Urged to Boost Economic Cooperation
EghtesadOnline: Iran on Monday called on the Caspian Sea littoral states to intensify efforts to boost cooperation, particularly in the fields of economy and environment, and offered to help…
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Central Bank of Iran Insists on Export Revenue Repatriation in Foreign Currency
EghtesadOnline: Governor of the Central Bank of Iran says the government is opposed to the repatriation of export earnings in rial as it would weaken the economy.
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Europe's Non-Nuclear Demands to Blame for Deadlocked Talks
EghtesadOnline: The dragged-out negotiations between Tehran and the remaining signatories to the nuclear deal are unlikely to make progress on issues such as INSTEX, particularly because Europe…
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Iran-US Trade Coming to Complete Halt Amid Tensions
EghtesadOnline: While the US pressures on Iran’s economy has escalated now more than ever by imposing harsh sanctions against the Islamic Republic, commercial exchanges between the two countries…
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PMI Report Points to Business Downtrend
EghtesadOnline: The latest industrial purchasing managers’ index (PMI) surveys indicate that the Iranian economy relapsed to stagnation in the month ending June 21, despite a flurry of activity…