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January 14, 2020       Share:    

Source: https://www.nytimes.com/2020/01/13/business/economy/iran-economy.html

Iran's Grim Economy Limits Its Willingness to Confront the U.S.

(New York Times) Peter S. Goodman - Crippling sanctions imposed by the U.S. have severed Iran's access to international markets, decimating the economy, which is now contracting at a 9.5% annual rate, the International Monetary Fund estimated. Oil exports were effectively zero in December, according to Oxford Economics. Inflation is running near 40%, while more than one in four young Iranians is jobless. Roughly half of all bank loans are in arrears, Iran's Parliament has estimated.

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