Iran will be one of the fastest growing economies in the region over the next five years as investment comes into the country following the removal of sanctions.
Declining oil prices will force the government to cut current spending and investment in the country's infrastructure sector in 2017, which will result in slow expansion of private consumption and fixed investment.
We expect the Iranian rial to remain depreciate against the US dollar over the coming quarters given relatively high inflation rates.
President Rouhani will win re-election in Presidential elections due in May 2017.

A breakdown in the agreement over the country's nuclear programme could prompt us to revise our real GDP growth forecasts sharply downward and our inflation forecasts upward.

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