An Iranian man works on an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran, July 25, 2005. REUTERS/File Photo
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Iran's economy faces tough years ahead despite a nuclear deal with world powers that the government hoped would spur investment and revive stagnant growth, ministers have warned.Interior Minister Abdolreza Rahmani Fazli warned on Monday that the country may achieve growth of only between 1.5 and three percent per annum.Iran needs annual foreign investment of $30-$50 billion to reach the eight percent growth target and cash in on the nuclear deal, Rouhani told parliament in January, a day after implementation of the historic agreement.But Rahmani Fazli said a total of 3.5 million Iranians -- some 11 percent of the workforce -- are unemployed.New investment cannot come soon enough for some sectors.
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