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Inflation hits record 8.9% in euro area, but economy grows

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s military operation in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.

Iran ready to boost economic ties with Nicaragua

An Iranian deputy minister has underscored that the Islamic Republic is prepared to expand economic exchanges with Nicaragua in particular in railway, cement, and steel industries.

BRICS: Opportunity for Iran’s economy and power

Rahman Ghahremanpour

Sri Lanka PM says economy ‘has collapsed’

Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country’s dire situation as it seeks help from international lenders.

Tehran, New Delhi explore ways for developing economic ties

Iranian Deputy Foreign Minister for Economic Affairs Mehdi Safari during a visit to India held meetings with the South Asian country’s high-ranking economic officials, discussing obstacles and challenges in their economic cooperation.

Iran’s annual economy grew by 4.3% in year to late March: SCI

Figures by the Statistical Center of Iran (SCI) show the country’s economy grew by 4.3% in the year to late March.

China’s economy showed recovery sparks in May but consumers wary

China’s economy showed signs of recovery in May after slumping in the prior month, as industrial production rose unexpectedly. But consumption was still weak, underlining the challenge for policymakers amid the persistent drag from strict COVID curbs.

World Bank says Iran’s economy to grow by 3.7%

Iranian economy is projected to grow by 3.7 percent in 2022 while the average global economic growth is seen at 2.9 percent in the current year, according to the World Bank’s Global Economic Prospects (GEP) report.

Climate change putting 4% of global GDP at risk: Study

Climate change could see 4% of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated.

UK economy stumbles as consumers, firms brace for downturn

Britain's economy is losing steam as households face a tightening cost-of-living squeeze, according to data which showed sliding retail sales and consumer confidence approaching all-time lows.

More countries soften up to barter trade with Iran

Iran’s campaign to bypass US-led sanctions is moving into higher gear as more countries, especially in Asia and Latin America, soften up to barter trade with the Islamic Republic.

IMF expects Iran economy to keep growing in 2022

The International Monetary Fund (IMF) expects the Iranian economy will continue to grow in 2022 despite continued pressure on the country because of American sanctions and the economic impacts of the coronavirus pandemic.

China economy grows 4.8% in first quarter

China's economy grew 4.8 percent in the first quarter, the National Bureau of Statistics said Monday, warning of "significant challenges" ahead as a resurgence of the coronavirus threatens Beijing's ambitious annual target.

World Bank updates Iran’s economy growth for 2022

The World Bank has revised up its forecast for Iran's gross domestic product (GDP) growth in 2022, expecting the country’s economy to grow 3.7 percent this year.

Scientific commercialization a must for technology-based economy

By Mohammadreza Pour-Ebrahimi*