Iran Infrastructure Report Q3 2012 - New Market Report Now Available
BMI View: Due to rising inflation - estimated above 25% between 2012 and 2015, later subsiding to 15% in 2016 - and continued pressure on Iranian finances following the latest wave of US and EU energy sanctions, we maintain our bearish construction industry forecast of -3% for 2012. This pattern is expected to be maintained until 2016, after which we anticipate a gradual easing and an average annual growth of around 2% between 2016 and 2021. Iran's business environment remains...
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