Domestic Economy

Is Economic Stability in Sight?

Is Economic Stability in Sight?
Is Economic Stability in Sight?

Upheavals of the past decade affecting all macroeconomic variants have landed the Iranian economy in stagflation. 
You can see the signs of unresolved structural problems, as short-term solutions to fix them have compounded the situation. Now add sanctions and misguided policies to this collection and you see the country beleaguered by an array of economic and non-economic crises, says Yalda Rahdar, the deputy head of the National Iranian Entrepreneurs Organization, in an article for Iran Chamber of Commerce, Industries, Mines and Trade’s news portal. A translation of the text follows: 
Economic growth has been very unsteady over the past decade: In the fiscal 2016-17, gross domestic product, the broadest measure of the economy’s output, was 14.2%. In 2019-20, it shrank to -6.3%. 


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