Iran Economic Monitor, Spring 2021 : The Economy at a Crossroads
Iran’s economy witnessed a modest recovery in the second half of 2020 following more than two years of economic recession. Restricted access to foreign exchange reserves and limited other external financing sources translated to pressures on the ex...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/178111623662609713/Iran-Economic-Monitor-The-Economy-at-a-Crossroads http://hdl.handle.net/10986/35741 |
| Summary: | Iran’s economy witnessed a modest
recovery in the second half of 2020 following more than two
years of economic recession. Restricted access to foreign
exchange reserves and limited other external financing
sources translated to pressures on the exchange rate and
higher inflation in 2020-2021. The Coronavirus (COVID-19)
pandemic further intensified economic pressures on the most
vulnerable. Iran’s economic outlook hinges on the evolution
of the Coronavirus (COVID-19) pandemic, the pace of global
economic recovery, and the possibility of easing of US
sanctions. The economy is at a crossroads and urgently needs
a recovery plan of comprehensive and coordinated
macro-fiscal reforms. Growth-enhancing reforms such as
investment in green infrastructure, digital economy, and
renewable energy can help lead the economy out of the
pandemic and create much needed jobs. |
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