The recession in Iran accelerated in 2019-20 as United States (U.S.) sanctions further tightened. Inflation has gradually declined as the impact of the sharp depreciation of the rial in 2018-19 dissipated but foreign exchange reserves remain limited. The growing gross borrowing needs has increased the government’s reliance on debt issuance and withdrawals from strategic reserves. Negative economic growth and high inflation coupled with COVID-19 (Coronavirus)...
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INFORMATION
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2020/06/21
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Rapport
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150698
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1
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1
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2020/07/08
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Disclosed
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Iran Economic Monitor : Mitigation and Adaptation to Sanctions and the Pandemic
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oil
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