The interim nuclear deal will now run until November 24th. Despite progress, significant hurdles remain in the way of a full agreement and this is unlikely to be agreed; a further interim deal, into 2015, remains our central forecast.
We estimate that real GDP growth will return in fiscal year 2014/15 (March 21st-March 20th), although it will be weak, at 1.7%. A substantial easing of international sanctions would see growth rebound to much fester rates.
Inflation will continue to ease, as a result of tighter fiscal and monetary policy, weak demand and a more stable exchange rate, but will remain high.

Highlights 7

Political outlook 8

Economic policy outlook 10

Economic forecast 11

Annual data and forecast 15

Quarterly data 16

Monthly data 17

Annual trends charts 18

Monthly trends charts 19

Comparative economic indicators 20

Basic data 21

Political structure 22

Politics 23

Economy 48

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