Growth at a crossroads
The government is growing increasingly concerned about the state of the economy due to the impact of the US-Iran war and the stress it is placing on energy prices and international trade. Though official growth targets are not being touched yet, the government has added enough caveats to make them effectively meaningless.
The State Bank's biannual monetary policy report says the economy should still grow between 3.5% and 4.5% this year, and that inflation should ease and stablise on the higher........
