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Iranian Inflation to fall below 20% by year-end, Hassan Rouhani

: Tuesday, September 02 - 2014 @ 09:49

Iranian economy will attain positive growth in the current Iranian calendar year (to end March 20, 2015). President Hassan Rouhani said, Trend reported. “Our attempts have been aimed at reversing the trend of negative growth in the economy,” he added. “The government has presented a package on how to exit economic stagnation to the parliament (Majlis),” Rouhani explained. He went on to note that the country earmarked 3.2 times more money for developmental projects in the past year. “We succeeded to keep our promise by reducing inflation rate over the past year,” Rouhani added, saying the country’s Inflation will fall below 20% by year-end. He once again stressed that the government tries to reach single digit inflation rate.

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Tuesday, September 2- 2014 @ 9:49 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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