Economy, Domestic Economy
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Review of Iran Economy in 2017-18: Time to Curb Enthusiasm?

Domestic Economy Desk
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.  The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.

This is the Financial Tribune’s last edition of the current Iranian year (ending March 20). As Iran’s sole economic daily in English, it considers it apt to review the key economic developments of the outgoing year.
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years. Longstanding international sanctions against the country sapped economic growth by effectively cutting trade ties with the world economy. However, a milestone in recent years was marked by the government of President Hassan Rouhani’s July 2015 signing of a deal with world powers to remove those sanctions in exchange for Tehran to limit the scope of its nuclear program.
The so-called Joint Comprehensive Plan of Action was implemented as of mid-January 2016, meaning no more economic sanctions against Iran, at least on paper.

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