Economics
Iran’s Vice President Sees Growth Next Year Amid Oil Price Slump
Iran's Vice President Mohammed Bagher Nobakht at work in his office in Tehran. Photographer: Simon Dawson/Bloomberg
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Iran expects its economic growth to accelerate next year as the removal of sanctions under a nuclear agreement offsets a global slump in oil prices, a top aide to President Hassan Rouhani said.
Growth is predicted to reach as much as 5 percent in 2016, up from an expected 3 percent this year, Vice-President Mohammad Bagher Nobakht said in an interview in his office.