By SIMON CONSTABLE
U.S. sanctions are squeezing the life out of the Iranian economy, and the malaise is likely to get even worse.
“We expect the contraction to deepen,” states a recent report by Garbis Iradian and his team at the Washington D.C.-based think tank, the Institute of International Finance.
How bad? In the current fiscal year, which ends in March, the Islamic Republic’s economy will likely shrink by 7.2%, that’s even worse than the already-dire 4.6% drop the prior year, according to the report. Read more here.
U.S. sanctions are squeezing the life out of the Iranian economy, and the malaise is likely to get even worse.
“We expect the contraction to deepen,” states a recent report by Garbis Iradian and his team at the Washington D.C.-based think tank, the Institute of International Finance.
How bad? In the current fiscal year, which ends in March, the Islamic Republic’s economy will likely shrink by 7.2%, that’s even worse than the already-dire 4.6% drop the prior year, according to the report. Read more here.
No comments:
Post a Comment