Iran’s consumer market will hold positive growth prospects for retailers over the coming five years. Over our forecast period to 2021, we expect positive economic growth and an uptick in private consumption to support the attractiveness of the Iranian market following the lifting of economic sanctions.
Iran’s consumer outlook over the short term will be favorable on the back of an uptick in economic growth in 2017. According to our Country Risk team, the country is set to be the Middle East and North Africa (MENA) regional outperformed. We expect Iran’s oil exports to increase and investment will start to pick up by mid-2017, on the back of the lifting of most international sanctions on Iran in January 2016.