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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.
2020-01-14 00:00:00
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