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Iran Economic Monitor : The Economy at a Crossroads (English)

Iran’s economy witnessed a modest recovery in the second half of 2020 following more than two years of economic recession. Restricted access to foreign exchange reserves and limited other external financing sources translated to pressures on the exchange rate and higher inflation in 2020-2021. The Coronavirus (COVID-19) pandemic further intensified economic pressures on the most vulnerable. Iran’s economic outlook hinges on the evolution of the Coronavirus (COVID-19) pandemic, the pace of global economic recovery, and the possibility of easing of US sanctions. The economy is at a crossroads and urgently needs a recovery plan of comprehensive and coordinated macro-fiscal reforms. Growth-enhancing reforms such as investment in green infrastructure, digital economy, and renewable energy can help lead the economy out of the pandemic and create much needed jobs.

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Details

  • Author

    Kazemi Najaf Abadi,Majid, Zahedi,Razieh, Rodriguez,Laura, Mostafavi-Dehzooie,Mohammad

  • Document Date

    2021/05/01

  • Document Type

    Report

  • Report Number

    160326

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Iran, Islamic Republic of

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2021/06/14

  • Disclosure Status

    Disclosed

  • Doc Name

    Iran Economic Monitor : The Economy at a Crossroads

  • Keywords

    high inflation; oil; consumption per capita; public-private partnership; state-owned enterprise; oil revenue; million people; deaths per million; Poverty & Inequality; new cases; small and medium size enterprise; barrels per day; calendar year; confirmed case; consumer price inflation; oil export revenue; reliance on bond; intensive care units; public sector finance; global economic recovery; financial market participant; doses of vaccine; distribution of consumption; current account balance; access to fund; high oil price; regional trading partners; government debt issuance; lower income household; trade and investment; sale of asset; pension system reform; privileges and immunity; oil production capacity; household survey data; initial public offering; net foreign asset; gini coefficient; economic recession; fiscal deficit; Job Creation; oil sector; recent years; foreign exchange; vaccine development; Labor Market; vaccine production; digital economy; vaccination program; comparator group; high wage; restricted access; external financing; economic sanction; labor-intensive activities; financing need; capital formation; official reserve; market participation; domestic bond; labor supply; higher growth; government cash; essential services; inflationary expectation; Health Workers; industrial sector; clinical trial; mass vaccination; real value; small fraction; value added; Health cost; output loss; secondary sources; economic shock; export price; tax receipt; hydrocarbon revenues; acute phase; public asset; negative spillover; external balance; vaccination drive; increase poverty; stock market; banking sector; economic reform; disproportionate impact; inequality measure; Social Protection; Cash Transfer; capita consumption; poor household; push factor; mitigation measure; real gdp; banking system; water scarcity; energy subsidies; inclusive growth; fiscal space; fiscal framework; high unemployment; short maturity; green infrastructure; amortization cost; monetary policy; other asset; Gender Gap; monetary base; incidence curve; iranian rial; human welfare; household size; financial indicator; subsidiary right; noncommercial purposes; government security; stabilization fund; executive board; price index; global context; Social Welfare

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Citation

Kazemi Najaf Abadi,Majid Zahedi,Razieh Rodriguez,Laura Mostafavi-Dehzooie,Mohammad

Iran Economic Monitor : The Economy at a Crossroads (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/178111623662609713/Iran-Economic-Monitor-The-Economy-at-a-Crossroads