Iran’s economic catastrophe
Decay, damage and the long road back
Decay, damage and the long road back
Iran’s economy is heading into a period of sharp deterioration following the March war, with mounting pressure from inflation, currency depreciation and damage to key industries raising the risk of a broader crisis.
With the conflict still unfolding, FDD estimates economic damage to Iran at approximately 40 percent of its pre-war GDP — a first accounting that speaks to the breadth and depth of Iran’s losses. Specifically,...
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The US naval blockade of Iran, which started on Monday, could rapidly cripple the country’s economy, cutting off most of its trade, halting oil exports and triggering inflation and currency pressure within...