The International Monetary Fund issued a report highlighting weaknesses in the Iranian economy stemming from both government mismanagement and economic sanctions. The IMF estimates inflation in Iran dropped from a 45 percent annualized rate in July 2013 to below 30 percent in December 2013, and predicts that Iran's economy will grow by one to two percent this year. The study was the IMF's first on-the-ground examination of the Iranian economy in about three years.