Iran’s economic growth likely slow down again
Iran's GDP (gross domestic product) growth increased by 4.6 percent during the spring of 2014 for first time since 2012, according to the Central Bank of Iran. The figure raised serious doubts among experts and Iranian government had to justify and defend the announced figure several times with various facts and statistics, like comparing the oil export level during spring with the same period in the previous years. There is no accurate statistics about Iran's oil export during this period, but the Central Bank of Iran (CBI) says that the growth of oil sector was 6.1 percent at the time. Mohammad Reza Nobakht told Mehr News Agency on Oct.17 that Iran sold crude oil averagely at $104 during the current fiscal year, without mentioning the amount of exported crude oil. Mehr reported that Iran offered discounts to customers for its oil last week and currently each Iranian barrel is sold at $86. In spring, the figure stood at $114-$115 per barrel, but has been on a decl