US sanctions to stop impacting Iran's economy next year: IMF expert
Tehran (KNA) - An expert working for the International Monetary Fund (IMF) says a series of harsh sanctions imposed by the United States on Iran would stop impacting the country’s economy next year.
Jihad Azour, director of the IMF's Middle East and Central Asia Department, told Reuters news agency on Monday that Iran would not experience any extra pressure from the US sanctions two years after they were re-imposed following Washington's withdrawal from an international agreement on Iran's nuclear program.
"The estimate is that ... sanctions that were reintroduced last year and tightened this year, next year will not have an additional impact," said Azour.
The comments come as many experts believe Iran has largely managed to offset the impacts of the US sanctions through a series of measures that has seen the country diversify its economy from oil.
The IMF has predicted that Iran would feel the highest degree of pain caused by the sanctions this year as the country's economy would shrink by 9.5 percent.
Source: PressTV