IMF sees a positive outlook for Iranian economy in 2023

INSUBCONTINENT EXCLUSIVE:
TEHRAN - Drawing a favorable outlook for the Iranian economy in 2023, the International Monetary Fund (IMF) has actually predicted that 10
major indications of the Iranian economy would experience development and enhancement in the discussed year compared to 2022
Based upon the IMF information, Irans Gross Domestic Product (GDP) based on the purchasing power index will grow by $91 billion or more
percent in 2023 to reach $1.7 trillion.Meanwhile, Irans GDP per capita is likewise anticipated to increase by $865 based on the purchasing
power index to reach $19,528 in 2023 from $18,663 in 2022
IMF sees Irans GDP leaving out oil grow by two percent in 2023, and the growth of the nations economy including oil will be 2.1 percent this
year.The inflation rate in Iran is predicted to be 40 percent in 2023, signing up no modification compared to 2022
The International Monetary Fund anticipates the rate of the nations liquidity growth to decrease in 2023
The liquidity development that reached 47.5 percent of GDP in 2022 will reduce to 45.6 percent in 2023
The budget deficit of the Iranian federal government in 2023 will reach 6 percent of GDP, which is 1.8 percent greater than the figure in
2022
The Iranian governments total incomes will not alter in 2023 compared to the previous year
The Iranian governments earnings in 2023 is approximated to be 8.3 percent of the GDP, registering no modification compared to the previous
year
however, the federal governments non-oil incomes will increase from 7.4 percent of GDP in 2022 to 7.5 percent of GDP in 2023
Based upon the IMF information, the downward pattern of the Iranian governments gross debt will continue in 2023 to settle at 31.9 percent
of the GDP this year.The fund likewise predicts Irans bank account balance to be $30.2 billion in 2023
Irans bank account balance in 2022 is estimated at more than $32 billion.Based on the discussed data, Irans foreign currency reserves
increase by more than $11.4 billion in 2023 and reach $42.2 billion
Irans offered foreign currency reserves in 2022 are estimated at $30.8 billion
This global organization has announced that Irans foreign currency reserves are more than $120 billion, but it declares that Iran has access
to just a small part of these reserves due to the U.S
sanctions.According to the price quote of the International Monetary Fund, Irans foreign financial obligation in 2022 will amount to 0.5
percent of the GDP and it is expected that this figure will stay the exact same in 2023
EF/MA