What is the economic outlook of Iran 2020/21?

What is the economic outlook of Iran 2020/21?

Iran’s GDP in 2020/21 is now estimated to contract at 4.5% due to a shorter lockdown period. Overall economic contraction is projected to increase in the second half of 2020/21 with a resurgence of cases in the colder season. In the absence of a widely adopted vaccine, recovery in 2021-2022 is projected to be weak and driven by the non-oil sector.

What is the inflation rate in Iran in 2022?

The annual inflation rate in Iran increased to 54.0 percent in July 2022 from 52.5 percent in the previous month, reaching the highest level since June 1995, with food & non-alcoholic beverages prices accelerating to 87.0%, which was the highest rate since at least 2012.

Is inflation in Iran rising or declining?

In 2020, inflation dropped in relative terms as deflationary forces dominated the global economy due to the massive pandemic-related slowdown. However, in 2021, global deflationary forces started receding, and inflation in Iran has surpassed its 2019 level.

What is the rate of inflation in the Philippines 2020?

For 2020, an inflation rate of 30.6% was calculated. During the observation period from 1960 to 2020, the average inflation rate was 15.9% per year. Overall, the price increase was 558,570.99 %. An item that cost 100 Rial in 1960 was so charged 558,670.99 Rial in the beginning of 2021.