Iran's Inflation Rate Will Soar To Over 40 Percent By Year-End, IMF Says
Iran's inflation rate will jump to over 40 percent by the end of the year even as its economy sinks into a deep recession, the International Monetary Fund (IMF) is projecting. In a report on Middle Eastern economies released on November 13, the IMF projected that U.S. sanctions will push Iran's economic output down by 1.5 percent this year, with its recession deepening into a 3.6 percent contraction next year. "This largely reflects the expected impact of the reimposition of U.S. sanctions on Iran, which is likely to reduce Iranian oil ...
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