February 1, 2023

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Recent Unrests Have Negative Effect on Capital Market Outlook

Recent Unrests Have Negative Effect on Capital Market Outlook
Recent Unrests Have Negative Effect on Capital Market Outlook

Finance Minister and Government Economic Spokesman Mr. Ehsan Khandouzi says recent unrests in the country increases negative outlook on the capital market.

TEHRAN (Iran News) –Finance Minister and Government Economic Spokesman Mr. Ehsan Khandouzi says recent unrests in the country increases negative outlook on the capital market.

Speaking in a presser, Khandouzi said that some rumors on the government’s decisions do not come true and the government has tried to make ineffective the impact of rumors but admitted that recent unrests in the country increases this negative outlook on the economy.

He noted that in recent months the growth in the production industries has improved from negative 5.8% to positive 6.7%.

He added that agriculture is in better situation now despite negative economic growth in the sector.

He said: “Although the economic growth of agriculture sector is negative, we are in a better situation compared to what it used to be.”

He further added that the monthly inflation of this sector has also decreased.

He also stated: “In recent months, there was an inappropriate trend in the growth of the country’s large industries. The growth of these industries have now improved and reached plus 6.7 percent. The largest increase in production is related to the automotive parts industry.”

Speaking about the formation of the inflation monitoring committee, Iranian Economic Affairs and Finance Minister stressed: “Controlling inflation is the government’s priority in the country because we had 4 years of inflation and that is why the existence of this committee is the right thing.”

Khandouzi stated: “President Raisi will be also provided with a report in this regard on a weekly basis.”

He went on to say: “The stability and prospects of the capital market have always been important for the government.”

Original News : https://irannewsdaily.com/2022/10/recent-unrests-have-negative-effect-on-capital-market-outlook/

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