Iran’s economic growth has accelerated and cuts in subsidies have been achieved without sharp increases in inflation, improving the outlook for further gains, the International Monetary Fund said.
Growth accelerated to 3.2 percent in 2010-2011 from 0.6 percent two years earlier, the IMF said in a report published today. The inflation rate only rose by about 4 percentage points in the first five months of this year, to 14.2 percent, even after subsidies for energy and food were scrapped, it said.
