Iranian President Hassan Rouhani said the country’s economy has outperformed Germany after the outbreak of coronavirus pandemic.
The US launched a full-blown economic war on Iran a few years ago based on miscalculations and illusions as did former Iraqi dictator Saddam Hussein.
Chinese economy remains resilient and there are ample policy tools at Beijing's disposal despite rising external risks, President Xi Jinping said.
Mohsen Baharvand urged United Nations Industrial Development Organization (UNIDO) to strengthen efforts to help its member countries.
For years Iran was of the view that the World Bank adopted a politicized approach in issuing its closely watched annual ranking of countries’ business and investment climates.
Iran must gradually shift from exporting crude oil to selling petroleum products and petrochemicals, as it invests in expanding its oil and gas production capacities to handle the future market challenges, said an expert.
Iranian government efforts to deal with the economic consequences of the US sanctions and the coronavirus pandemic while economic boom and stability is still high on the agenda.
Supreme Leader Ayatollah Seyed Ali Khamenei stating that the country's economy should not be linked to foreign developments in any way because this is a strategic mistake, underlined that economic planning for the country should not wait for the lifting of sanctions or the result of the elections of a certain country.
Rouhani said while the novel coronavirus pandemic has slashed major economies in the world by up to 20 percent, Iran’s economy has contracted only by 3 percent.
Iran’s President Hassan Rouhani said his administration has prepared a road map to the economy for the one remaining year of his tenure.