Fiscal Balance in Iran
Iran - Fiscal BalanceAccording to recent data, the economy expanded at a faster pace in Q2 (Q1 SH 2021), due to stronger growth in the non-oil sector. Meanwhile, the expansion in the oil sector moderated slightly in Q2. Turning to H2 2021, GDP growth will likely remain strong, but ongoing U.S. economic sanctions and a spike in new Covid-19 cases in Q3, which led to a nationwide lockdown, should keep economic output relatively downbeat. Oil production continued to pick up in the third quarter and in October, which should be supporting the energy sector. That said, the non-oil sector is likely struggling as Covid-19 restrictions continue to keep non-essential businesses closed in some regions of the country. Nevertheless, new cases have fallen dramatically in recent weeks, boding well for activity ahead. In politics, negotiations to salvage the 2015 nuclear deal resumed in Vienna at the end of November.
Iran - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.6||-1.9||-1.8||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Iran Fiscal Balance Chart
Source: Central Bank of Iran.
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