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Iran’s gross domestic product contracted by 10.1 percent year-on-year during the first quarter of the Persian calendar, according to official data released on Sunday. The period, which spans from late March to late June, coincides with a timeframe during which the country faced military strikes attributed to Israel and the United States.
The figures, published by the Statistical Center of Iran, indicate that the 10.1 percent decline includes the performance of the oil sector. The Iranian economy remains heavily dependent on hydrocarbon exports, making the sector a significant factor in the nation’s overall economic output.
Article source: en.annahar.com | Image credit: en.annahar.com
