In the medium term, GDP growth is expected to be modest if economic sanctions remain in place. This increase poses additional strain on government finances as direct food price subsidies stood at 5 %of GDP even before the recent price surge. While higher oil prices, due to a recovery in global demand and the war in Ukraine, have raised oil export revenues, higher prices of other commodities, including food items, have significantly increased the import bill. Iran faces intensified climate change challenges, including from severe droughts, which are restricting agricultural production at a time when global food prices and food insecurity are on the rise. The government expanded cash transfers and subsidies to mitigate the impact of high inflation on welfare, but this also added to fiscal pressures as most interventions were not sufficiently targeted. Under sanctions, trade has pivoted further towards neighboring countries and China, and bilateral currency exchange, barter, and other indirect payment channels are increasingly used to settle international transactions as most assets abroad have become inaccessible due to sanctions. The decline in oil exports has prompted additional processing of crude oil and hydrocarbons that have then been exported as petrochemicals. Economic activity has also adjusted to sanctions, including through exchange rate depreciation which helped domestically produced tradable goods to become price competitive internationally. Over the last two years, Iran’s economy has started to rebound, supported by a recovery in services post-pandemic, increased oil sector activity, and accommodating policy action. At the same time, job creation was insufficient to absorb the large pool of young and educated entrants to the labor market. Sustained high inflation led to a substantial reduction in households’ purchasing power. The large contraction in oil exports placed significant pressure on government finances and drove inflation to over 40 %for four consecutive years. The plan envisioned annual economic growth of 8%.Įxternal shocks, including sanctions and commodity price volatility, caused a decade-long stagnation that ended in 2019/20. Among its priorities were the reform of state-owned enterprises and the financial and banking sectors, and the allocation and management of oil revenues. The previous plan for 2016/17 to 2021/22 comprised three pillars: the development of a resilient economy, progress in science and technology, and the promotion of cultural excellence. While relatively diversified for an oil exporting country, economic activity and government revenues still rely on oil revenues and have, therefore, been volatile. A new five-year development plan is under preparation. Iran ranks second in the world for natural gas reserves and fourth for proven crude oil reserves. I'm using it that way myself.Iran’s economy is characterized by its hydrocarbon, agricultural, and service sectors, as well as a noticeable state presence in the manufacturing and financial services. Now Fusion Studio will open with the Resolve Studio license key. TheBloke wrote:Things got a lot better in v17. But there's been a number of new features and performance improvements since 9, so even the stalwarts are tending to upgrade now. A lot of people still prefer version 9 for its much more powerful and flexible UI. There's not really any reason to run Fusion Studio 16 that I can think of. Overall the advantages of license keys - two machines instead of one can't lose it can't break it doesn't need a USB port - far outweigh that one downside IMHO. Whereas if you bought a Fusion Studio dongle, you could. Because activation key licensing was only added in Fusion Studio v17, the one limitation of buying the activation key is that you won't be able to run Fusion Studio versions prior to v17.If one is found and is licensed (either by dongle or activation key), the render node will run. Instead it checks the network for the 'Fusion Server' process. The render node doesn't ask for an activation key.All features of Fusion Studio 17 are enabled by activation key, including unlimited network Fusion Render Nodes.So if you have two machines, both can be running Resolve Studio and Fusion Studio simultaneously.Once a given machine is activated in either Resolve Studio or Fusion Studio, it can also be activated for the other, without using up an additional activation.A license key gives you two activations, which are per-machine.
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