IRANIAN
ECONOMY IS ALARMING
It is
reported that the negative developments in Iranian economy
increasingly continue as of 2008 and conservatives are
striving to pressurize the government to take some economic
measures.
As a matter
of fact, the report published by the Iranian National
Organization for Statistics in late March 2008 involving the
economic data for the years 2006 and 2007 underlines that
the revenue of the oil export was 63 billion dollars in 2006
and 75 billion dollars in 2007 and the economic growth was
6,2% for 2006 and 6,7% for 2007.
The report
states that the non-oil export figure was 20 million dollars
in 2006 while it dropped to 8 million dollars in 2007, the
growth in the oil sector was 5.7% in both years indicating
that the increase was not reflected in the investments of
infrastructure and the production in the sector and notes
that reel foreign trade deficit in 2007 was 45 million
dollars except for oil sector. The report indicates that the
inflation was 8,6% in 2006 and it increased to 13,6% in
2007, the rise in the prices of some goods and services
reached 20% and steep price increases are anticipated to
occur in the short and medium term in parallel to the
inflation within the current economic structure.
The Iranian
economists declare that statistics clearly indicates the
economic situation of the country, the organizations which
are under the control and influence of the government are
supposed to announce some figures, yet these figures should
be considered as improved data in favor of the
administration, and the real state of the economy is much
worse than the official data.
The
sanctions applied against Iran have brought about a bad
effect on many sectors in the country particularly oil and
natural gas and this situation has started to be felt since
2007.
The
weakening links of the banking system in Iran with the
outside world due to the pressures applied indicate that
Iranian companies will increasingly face greater
difficulties in the foreign trade. The companies in the
country need the mediation of a third country for the export
of the goods produced within the country. The statement
issued by the Organization for Monitoring the Financial
Crimes subordinate to the State of Treasury in March 2008
demanded that the names of the Iranian Central Bank and the
commercial banks of Iran origin be taken out of the
international transactions and stressed that the
international financial organizations act taking the dangers
of the commercial relations with Iran into consideration.
