Islamic Republic Of Iran’s Economy In Free Fall

The continuation of Iran’s current domestic and foreign policies and further oil export reductions due to sanctions and the fall of global oil demand after the coronavirus crisis and lockdown will drive the economy into a deeper inflationary recession.  The Iranian regime is obviously unable and unwilling to improve the situation, and the ripple effects from the past four decades will lead Iran to experience “Venezuela-ization” unless Iranians succeed in changing the regime and establish a well integrated system with the global economy.      

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