The recently released report of the World Bank (WB) titled Global Economic Prospects, forecasts that Iran’s economy would return to the positive economic growth zone in 2021 by growing 2.1 percent.
While economic reports are frequently guestimates rather than accurate analysis, the fact that the World Bank does not believe that Iran’s economy is going to experience severe hardship due to Western sanctions and the COVID-19 related issues is a sign of Iran’s economic resilience.
When Western economists and institutions report on Iran’s economic conditions, they often purposefully reduce the effects of sanctions to a minimum in order to peddle the narrative of “incompetent” Islamic governance.
The latest WB report, when analyzed in a broader context is a sign that the economic war against Islamic Iran is failing just as the geopolitical war is.
Western economic outlook, like its political outlook has been wishfully predicting the collapse of the Islamic system in Iran for the past 40 years and they have been continuously proven to be inaccurate.
Courtesy: World Bank, PressTV.
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