Iran inflation could reach 40 percent this year as economy shrinks further - IMF

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Iran's economy is expected to shrink for the second consecutive year and in...

DUBAI - Iran’s economy is expected to shrink for the second consecutive year and inflation could reach 40 percent, an International Monetary Fund senior official said, as the country copes with the impact of tighter sanctions imposed by the United States.

Iran’s economy shrank by 3.9 percent last year, according to IMF estimates, and is expected to shrink by 6 percent in 2019, Jihad Azour, director of the IMF’s Middle East and Central Asia department, told Reuters adding, however, that the projection preceded the latest elimination of waivers. The Iranian currency, the rial, lost more than 60 percent last year, disrupting Iran’s foreign trade and boosting annual inflation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The fall of the regime of Iran is hostile to the Arabs We are the Arabs and this is our land

I see Turkish products in the shelves. 🇮🇷🇹🇷👍

we are broken. we want to negotiate with trump but our ruthless government dont like it. from Iran🇮🇷

US behavior toward Iran has been questionable for years. Motives? Profits? Not clean, I think,

Once again the US choose to panish the innocent people who may or might not be directly involove . Sanctioning the entire country is absurd and it leads to famin and starvation more times than not . Leave the innocent out of the political war !

Hahaha

When The First Barb man act as Sultan Erdogan

Ha

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines