Middle East Economic Survey

VOL. XLVIII

No 22

30-May-2005

Iran

CBI Says Growth Rate Fell To 4.8% In 2004-05

The Governor of the Central Bank of Iran (CBI) Ibrahim Sheibany told a banking conference in Tehran on 24 May that GDP growth fell to 4.8% in the Iranian year to March 2005 from 6.7% in the previous year. The decline was attributed to a sharp fall in the growth rate in the oil sector from 12.9% to 2.6% in 2004-05, as well as declines in the growth rates of the construction (5.9%) and...