Iran’s economy emerged from recession in late 2014, though sanctions still curb the country’s ability to generate revenue from oil and gas sales. The Central Bank of Iran, however, said a nine-month growth rate of 3.6 percent represents an increase in $54 billion. Iranian budget negotiators are working on a draft for a new year that begins Saturday that envisions less dependency on oil revenue. When he wrapped up his mission to Iran last month, Martin Cerisola, assistant regional director for the International Monetary Fund, warned “the sharp drop in global oil prices and an uncertain external environment” presents significant challenges to Iran’s economic future . Sanctions on Iranian oil exports and other parts of the economy resulted in an economic contraction of 5.8 percent in 2012-13. For fiscal year 2013-14, the World Bank […]