Money in Iran
Iran - MoneyThe economic outlook worsened over the past month, after the U.S. implemented fresh sanctions on Iran’s manufacturing and metal industries, which are expected to punish Iran’s non-oil private sector. Moreover, energy production continued to decline year-on-year in December, albeit at a softer pace than in recent months, while elevated inflationary pressures are continuing to deplete consumers’ purchasing power. That being said, the labor market continued to tighten in September–December, likely due to higher domestic production substituting previously imported goods. Meanwhile, in politics, the Trump administration agreed to lift Iranian oil export sanctions for one of two divisions of the Chinese tanker company COSCO. The decision followed the “phase one” trade deal and the U.S. Treasury stressed that its “maximum pressure campaign continues as before”.
Iran - Money Data
|Money (annual variation in %)||22.3||30.0||23.2||22.1||-|
5 years of economic forecasts for more than 30 economic indicators.
Iran Money Chart
Source: World Bank.
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