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October 16, 2019       Share:    

Source: https://aawsat.com/english/home/article/1947006/iran-economy-shrink-95-year-amid-tighter-us-sanctions-says-imf

IMF: Iran Economy to Shrink 9.5 Percent amid Tighter U.S. Sanctions

(Asharq Al-Awsat-UK) Iran's economy is expected to shrink by 9.5% this year due to the impact of tighter U.S. sanctions, up from a previous estimate of a 6% contraction, the International Monetary Fund (IMF) said Tuesday. The IMF forecasts annual inflation to be 35.7% this year.

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