Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media platform: The Degel HaTorah party, which has four members in the Knesset, announces its withdrawal from Netanyahu's cabinet.
Local Syrian sources: The raids targeted the road between the village of Al-Mazra'a and the city of Sweida, where forces and factions affiliated with the Syrian Ministry of Defense are advancing.
Local Syrian sources: New raids carried out by Israeli warplanes targeted vehicles and gatherings of military factions affiliated with the new Syrian Ministry of Defense.
Local Syrian sources: Israeli raids target, for the third time, gatherings of Syrian Defense Forces military factions in the southern countryside of Sweida.
The Ministry of Health in Gaza: Gaza Strip hospitals received 120 martyrs and 557 wounded in the past 24 hours.
The Israeli Walla! website: We are running out of stockpiles, our forces are exhausted, and the lives of the captives are in danger. It is time for a ceasefire deal in Gaza.
Several wounded in an Israeli bombardment of a tent in al-Mawasi, south of Khan Younis in the Gaza Strip.
Israeli media: Three wounded, three killed in an ongoing operation in the Gaza Strip.
Al Mayadeen's correspondent in southern Lebanon: Israeli artillery shelling targets the outskirts of the town of Shebaa
Al-Qassam Brigades: The targeting took place at the intersection of 'Street 5' with the western line north of Khan Younis

World Bank expects Iran’s economy to grow by 2.2% in 2023

  • By Al Mayadeen English
  • Source: News websites
  • 11 Jun 2023 10:41
3 Min Read

The World Bank expects Iran to challenge the US sanctions by expanding its economic growth.

  • x
  • In this June 26, 2018, file photo pedestrians and motorists move past a construction building as they are reflected on an advertisement billboard at the Central Business District in Beijing. (AP)
    In this June 26, 2018, file photo pedestrians and motorists move past a construction building as they are reflected on an advertisement billboard at the Central Business District in Beijing. (AP)

The World Bank expects a 2.2% expansion in Iran's economy this year, despite the continued pressure of the US sanctions on the country's economy. 

The World Bank's latest Global Economic Prospects report included tables showing that the development lender had revised its January growth outlook for Iran in 2023 from 0.0% to 2.2%. The organization forecasted that real global gross domestic product (GDP) is set to climb 2.1% this year.

The tables demonstrated that Iran’s GDP had expanded by 2.9% in 2022, down from 4.7% reported in the year before but up from a 2021 GDP growth of 1.9%. Moreover, the quarterly report indicated that Iran’s economic growth will decelerate to 2% in 2024 and to 1.9% in 2025, also indicating that Iran’s quarterly growth rate peaked at 4.7% in December last year.

The figures are consistent with statements by Iranian government authorities in recent months suggesting that the country has fully recovered from the impacts of US sanctions on its economy.

The US imposed what was described by economic experts as a series of crippling sanctions on Iran in 2018, after the withdrawal from the country's nuclear program. Over the years, the sanctions have been tightened with the aim of forcing Iran into concessions on its foreign policy and defense activities. 

Related News

World Bank projects modest economic growth for Syria in 2025

World Bank passes $250M project for Lebanon's post-war reconstruction

Read next: Iran lithium field discovery to change balance of power: Israeli media

Last year, the World Bank expected in an economic report covering the MENA region that the Iranian economy will grow in 2022 by 2.9% while the "average growth for developing oil exporters is expected to fall back to 2.7 percent,” according to the report.

The report, titled “A New State of Mind: Greater Transparency and Accountability in the Middle East and North Africa” stated that it is expected that the account balance of Iran will reach 3.8% of GDP in 2022, an improvement from the previous year of 3.5%. 

The report added that due to the significant increase in oil prices, most MENA countries (considered oil/gas producers and exporters) were expected to achieve 5.5% economic growth in 2022, as West Asia and North Africa back in 2021 reached a 3.6% economic growth.

The highest economic growth to be experienced in the MENA region in 2022 was expected to be in Kuwait, according to the World Bank, which predicted that the country would reach a full 8.5% growth, while Morocco was set to experience the lowest growth of 1.2%.

Read next: Iran to have access to $6.7 billion of its IMF funds

  • World Bank
  • United States
  • us sanctions
  • Iran

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Al Mayadeen: UN Palestine Inquiry members reportedly resigned
Politics

Al Mayadeen: UN Palestine Inquiry members reportedly resigned

Rutte, Trump
US & Canada

Trump threatens 100% secondary tariffs on Russia, sets deadline

Syrian government soldiers on a motorcycle pass by a burning tank on the outskirts of Sweida city, where clashes erupted between the Druze community and Bedouine clans, in southern Syria, Monday, July 14, 2025 (AP)
Politics

Israeli airstrikes target Syrian military factions near Sweida

Lebanon, US, disarmament
MENA

US pressure on Lebanon grows over Resistance disarmament plan

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS