Figures by the Iranian Ministry of Industry, Mine and Trade (MIMT) showed the country’s manufacturing sector expanded by 5.1% in the five calendar months to August 22 compared with the same period last year.
The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, warning that inflation was now a "clear and present danger" for many countries.
Iran’s economy, including oil exports, grew by 4.1 percent in the nine months to December 21, 2021, against the similar period in 2016, according to figures released by the Central Bank of Iran (CBI) on Monday.
The Omicron wave of COVID-19 infections slowed euro zone economic growth in the final quarter of 2021 compared to the previous three months although the impact was much stronger in Germany than in France or Italy.
British businesses grew at the slowest pace since April 2021 during the past three months, after demand for face-to-face services slumped due to the Omicron variant of the coronavirus, the Confederation of British Industry said on Sunday.
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.