Iran's progress ratio to hit 4pct in 2016

(MENAFN) Iran's economic growth and inflation are highly forecasted to touch 4 percent and 11.5 percent, respectively throughout the following year, according to the recent reports.

Capital Intelligence (CI), the global institute described the changes in Iran's ratings to its success in fostering international relations and the achievement's impacts on improving its Sovereign Ratings.

Moreover, it seems that Iran has committed itself to a controlled and transparent fiscal and monetary policy with a focused view to promoting development and tacking high inflation.

"We believe that 3 percent growth is well below the economy's potential and that it has the capacity to achieve around 8 percent growth over the course of the current five-year development plan," said CI.