Iranian Economy Minister Ali Tayyebnia predicts that Iran's GDP will grow by 8% in the next fiscal year, which begins on March 21, 2016.
"We hope to achieve inflation-adjusted growth of 8%," the head of department told the Nikkei newspaper on the occasion of his visit to Japan. Tayyebnia also noted that "low oil prices, of course, have a negative impact," however, he believes that the lifting of the Western sanctions "will help to recover" Iran's economy.
Meanwhile, the World Bank expects Iran's economic growth will reach 5.8% in 2016 and 6.7% in 2017, TASS reports.
