In Iran, those sanctions that are designed to stop the country's nuclear program are going just great according to the International Monetary Fund. The economy grew at a rate of 3.2% in 2010-11. That's a better rate than the United States....
The International Monetary Fund gave a rosy portrayal of Iran's economy in a report issued Wednesday, saying it grew by 3.2 % in 2011, contradicting its earlier assessment and surprising Iran analysts who contend that the economy is shrinking.
The new IMF report is based mainly on official Iranian data, independent economists said—rather than on a second set of economic statistics in Iran that is made by independent economists. The IMF's April regional report on the Middle East and Central Asia, which was based on the independent analyses, predicted a 0% growth rate for Iran.
The country's central bank, a government entity, hasn't issued an economic growth report since 2008, prompting criticism from Iranian lawmakers recently that the bank was hiding the data under the order of President Mahmoud Ahmadinejad.
Iran had blasted the April report, calling it "politicized" and saying the IMF was acting under Western influence. After the criticism, the IMF sent a group of experts to Iran to review its report and "correct" it, Iran's deputy economy minister Mohamad Reza Farzin said in June after part of the new report was released.
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In Iran, those sanctions that are designed to stop the country's nuclear program are going just great according to the International Monetary Fund. The economy grew at a rate of 3.2% in 2010-11. That's a better rate than the United States....
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