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Iran's Economy: Fading Hope
(Economist-UK) Iran's economy is suffering from the effects of sanctions, a plummeting oil price and decades of mismanagement, not to mention the cost of funding militias and dictators in the region. Living standards are falling. Iran's powerful Revolutionary Guards run a sprawling commercial empire. Hopes of foreign investment are stymied by strong opposition from hardliners in Tehran, many of whom bridle at the notion of foreign companies on their turf.