Trading at the Tehran stock exchange: Iran’s economy could take off in the near future
Before looking into the crystal ball for 2011, it is useful to reflect for a moment on 2010.
A year ago, it seemed quite likely that world economic growth would surprise onlookers by being better than anticipated. The economies of the so-called Bric countries (Brazil, Russia, India, China) would be the mainstay of the world recovery. As we look back, this has been the case. I expected that monetary policy would remain very accommodating and that interest rates would be kept low, due to the low…
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