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2015 ARTICLE IV CONSULTATION—PRESS RELEASE; STAFF REPORT; AND STATEMENT0
The agreement on Iran’s nuclear program and the envisaged lifting of economic sanctions have set the stage for improved macroeconomic performance, provided comprehensive reforms are implemented. Prudent policies and the interim sanctions relief improved macroeconomic performance in 2014/15. But global oil prices have declined markedly and the economy faces complex structural challenges, with still high inflation and unemployment, weak bank and corporate balance sheets, and sizable government arrears. Reforming the policy framework and addressing these structural challenges are required to ensure macroeconomic stability, unleash high, inclusive, and sustainable growth (Figure 1). The authorities have made some progress in implementing recommendations made during the
Economy Profile 2017 Iran, Islamic Rep.0
Doing Business sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to medium-size business when complying with relevant regulations. It measures and tracks changes in regulations affecting 11 areas in the life cycle of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labor market regulation. Doing Business 2017 presents the data for the labor market regulation indicators in an annex. The report does not present rankings of economies on labor market regulation indicators or include the topic in the aggregate distance to frontier score or ranking on the ease of doing business.
Islamic Republic of Iran, Country risk analysis0
Following a deep recession after tighter sanctions were imposed in 2011 the economy has begun to
recover growing at an average of 3% a year. The new lifting of all main Western
sanctions agreed last week has boosted the chances of stronger growth at more than
4% on average through the rest of the decade.