Oil resurgence stalls diversification: Iran economic outlook H2 2016
What will the lifting of sanctions do for the Iranian economy? In the short term, a rebound in crude oil exports and inflows of foreign investment will see real GDP growth accelerate to 5% in 2018, after contracting in 2015. Downside risks are numerous in the longer term, but the fundamentals for economic growth are strong — Iran has a large, young and educated population. Despite a decline in industry's share of the economy, the prospects for downstream, petrochemical and metals industries are positive.