Boston, MA -- (SBWIRE) -- 05/26/2014 -- R ecent improvements in relations with the West bode well for the country's economy. That said, uncertainty over the outcome of negotiations over Iran's nuclear programme will ensure that risks to the outlook remain elevated.
The economy will return to growth in 2014, as improving relations with the West and better macroeconomic management, coupled with low base effects, will lead to an improved outlook for exports and increased business and consumer confidence.
Despite some improvements, the Iranian rial will remain sensitive to developments in nuclear negotiations over the coming quarters.
Major Forecast Changes
We have revised our real GDP growth forecasts this quarter, and are projecting the economy to expand by 2.9% in real terms in 2015, up from our previous forecast of 3.4% growth. Our view that negotiations on the nuclear programme will be protracted over the next years underpins the downward revision.
View Full Report Details and Table of Contents
Key Risks To Outlook
A breakdown in negotiations over the country's nuclear programme could prompt us to revise our real GDP growth forecasts downward and our inflation forecasts upward.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Country Reports research reports at Fast Market Research
You may also be interested in these related reports:
- Oman and Yemen Business Forecast Report Q3 2014
- Kuwait Business Forecast Report Q3 2014
- Serbia, Montenegro and Kosovo Business Forecast Report Q3 2014
- Brazil Business Forecast Report Q3 2014
- Chile Business Forecast Report Q3 2014
- Hong Kong Business Forecast Report Q3 2014
- Hungary Business Forecast Report Q3 2014
- Philippines Business Forecast Report Q3 2014
- Botswana Business Forecast Report Q3 2014
- Pakistan Business Forecast Report Q3 2014