The US economy ended 2021 on a sour note with a worse-than-expected employment report underscoring the challenges awaiting President Joe Biden in the new year, as the Omicron variant runs rampant and his legislative agenda stalls.
Statistics released by the Central Bank of Iran (CBI) showed that despite the COVID-19 pandemic impact on economies and the US sanctions against Iran, Iran registered the highest economic growth among countries in the West Asia region.
The economic growth of 3.6 percent was achieved in a condition that many countries affected by the consequences of the outbreak of the coronavirus registered a sharp decline in economic growth, IRNA reported.
President Hassan Rouhani said Thursday that while economies of most countries in the world shrank last year, Iran's economy recorded 3.6% growth despite being under the pressures of sanctions and the COVID-19 pandemic.
Eurozone business growth accelerated at its fastest pace in over three years in May, as a strong resurgence in the bloc’s reopening service industry added to the impetus from an already-booming manufacturing sector, a survey showed on Friday.
Iran’s economy showed a robust growth in the quarter to late September despite pressures of the US sanctions and the spread of the coronavirus pandemic, according to new data by the Central Bank of Iran (CBI).
India is unveiling a new budget on Monday committed to higher spending to revive growth, blowing out the fiscal deficit wider than expected as the government of Prime Minister Narendra Modi seeks to spend its way out of the pandemic-induced slump.