No. 24



Iran痴 Growth Rate Slows In 1998-1999 To 1.7-2.0%

The Governor of the Central Bank of Iran, Dr. MohsenNourbakhsh, has estimated economic growth in Iran at 1.7-2.0% in the yearending 20 March 1999, compared to 2.5% for the preceding year. In an interviewwith Reuters on 5 June, on the eve of the annual meeting of the Bank forInternational Settlements in Basle, Dr. Nourbakhsh said that the slowdown ingrowth was mainly due to the decline in oil prices and reflected...