Tehran, Iran, Dec. 30
By Milad Fashtami - Trend:
Iran's private has no share in the country's economic growth, head of Tehran Chamber of Commerce Yahya Al-e Es'haq said.
He said that the 4-percent figure that the country's Central Bank announced for economic growth only applies to state-owned bodies, Iran's IRNA News Agency reported on Dec. 30.
"Big industries such as auto manufacturing, petrochemical, and construction showed desirable growth, but small and medium-size industries still have problems," he said.
"Lack of liquidity, money transfer problems, and the difference between bank interests and inflation are among the top problems of small and medium-size industries," he added.
The official further urged the government to support the private sector.
Iranian President Hassan Rouhani said on Dec. 24 that the country's economic growth was 4 percent in the first half of the current Iranian calendar year (March 21 - September 22).
"The country faced negative economic growth for two consecutive years, but Iran is now on the track of positive growth," he said.
Rouhani previously said that the government's goal is to increase the country's economic growth up to 6 percent by the end of current year (March 20, 2015).
It is while according to the International Monetary Fund, Iran's economic growth rate will hit 1.5 percent in the current year.
In April, the IMF said Iran's economy had contracted by 1.7 percent in 2013. However, the economy will come out of recession in 2014, the report added.