Amid the obligatory platitudes, the IMF’s latest Article IV report on Iran warns of the potential risks of a deterioration in relations with the US. This could undermine future growth prospects, and “deter investment and trade with Iran and short-circuit the anticipated recovery.”

President Donald Trump in his pre-election rhetoric called the nuclear deal which came into force last year a “disaster” and some Iranian officials are concerned that he may seek to revisit it. For now, this looks unlikely, but further easing of US restrictions looks unlikely over the next four years (MEES, 10 February). (CONTINUED - 756 WORDS)