Iran's economy healthy but fiscal changes needed-IMF
La6red9nec
/*
IMF = International Mother Fuckers, will not be able to make Iran into another
failed experimnet of their theories like Argentina, Turkey, Paraguay, etc.....
*/
By Mark Wilkinson
WASHINGTON (Reuters) - The International Monetary Fund Thursday said Iran's
economy performed well this year, but that the country's expansionary fiscal
policy could worsen inflationary pressure and lead to more appreciation of its
currency.
In its annual review of the Iranian economy, the Washington-based lender said
that in spite of lower oil prices, Iran's economy fared well, posting strong
growth and low inflation.
The IMF said Iran's economy grew 4.8 percent this year, down from 5.7 percent
in 2001. Inflation remained high, at 11.4 percent in 2002, down from 12.6
percent last year.
Economic improvements in the Middle Eastern nation over the past two years were
marked by sustained activity in the non-oil sector and improved business
confidence, which have laid the basis for the government to meet its
medium-term economic reform targets.
However, the lender said that under this year's budget, Iran's expansionary
fiscal policy could add inflationary pressure and lead to a further
strengthening of its currency.
A sustained appreciation of Iran's currency should be avoided mainly through an
appropriate fiscal strategy, the fund advised, so as to avoid hindering Iran's
competitiveness and economic diversification.
The IMF said Iran should enforce corrective measures such as reducing the
fiscal deficit. Spending should also be cut, and tax exemptions reduced, the
fund said.
While the IMF supported Iran's decision to adopt a managed float exchange rate,
it noted that as market stability has so far been underpinned mainly by strong
oil revenues and lower inflation, exchange rate developments will have to be in
line with economic fundamentals.
Another key challenge for Iranian authorities will be that of reducing the
rampant unemployment rate, which remained at 16 percent this year.
Policies promoting openness, better economic efficiency and an enhancement of
the business climate -- still hampered by administrative impediments -- could
be instrumental in creating new jobs, the lender said.
While oil prices are expected to remain relatively high in 2002/2003, the fund
said that in the financial sphere Iran should offer more potential for non-oil
investment to grow, as better infrastructures have been put in place.
Alborz
2002
IRAN = 4,8% economical growth
USA = 0% ( if we consider the sotock market crash than -20%)
btw most of the IMF people are Americans.
"La6red9nec" <la6re...@aol.com> wrote in message
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CTG
1st Red Calls IMF ,mother F..... then he tries to quote IMF on how well IRI
is doing ...;))
Then Alborz says IRAN's economic growth is greater than USA's one...
go on guys please continue .;)))
Peacock
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haftkhat
ArhAm'e Sadr
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peace2002
of the economies and the absolute GDP values) . Growing from a small GDP to a
slightly bigger one is good but not enough , growing from a large GDP to even
larger is much more difficult. For example China (with its much larger economy).
growing 7.3 really means something. See below for comparisons with some other
countries..
http://www.imf.org/external/pubs/ft/weo/2002/02/pdf/appendix.pdf (Table 6)
Iran 4.8
Oman 7.3
Qatar 7.2
Samoa 6.5
Bangladesh 4.7
Bhutan 5.9
Madagascar 6.7
Mozambique 13.9
Rwanda 6.7
Equatorial Guinea 45.5
Chad 8.5
Ethiopia 7.7
.
.
Also look at other tables
For example Consumer prices increase (Table 12)
Iran 11.2
Bangladesh 1.9
Pakistan 3.1
Israel 2
La6red9nec
>From: "Alborz" Alb...@Interoperability.com
>Date: 9/27/2002 12:07 AM Pacific Daylight Time
>Message-id: <an102v$9r0$1...@news.siemens.at>
>
>here the confirmation from IMF
>
>2002
>IRAN = 4,8% economical growth
>USA = 0% ( if we consider the sotock market crash than -20%)
>
4.8% is not bad but if Khatami had focused his efforts more on the economic
growth not on his social agenda will be looking at a 10% growth this year.
>btw most of the IMF people are Americans.
>
Hence my translation of IMF :)))))
AHHAAHAH
L!O!L!L!L
La6red9nec
>Date: 9/27/2002 4:58 AM Pacific Daylight Time
>Message-id: <3d9446c8$0$23174$afc3...@news.optusnet.com.au>
>
>You two are really funny.
>1st Red Calls IMF ,mother F..... then he tries to quote IMF on how well IRI
>is doing ...;))
>
So waht?!?!!? The source of the news is IMF publications, it doens't mean I
endorse them and as I said they are not going to ruin Iran's economy liek the
did to Turkey, Argentina, Paraguay, etc....
>Then Alborz says IRAN's economic growth is greater than USA's one...
>
DUH, ahmagh he is right, USA's growth is leass than 2% if they are lucky this
year and they had negative growth last year. DO you dispute these figures, if
yes let's see proof!!!!!!!!!!!!
So who is the fool now aldang?!?!?!?!
sirknight67
another "statistic" learned at the Ghom school of economics??!!!
"Alborz" <Alb...@Interoperability.com> wrote in message
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