Iranian Economy: Difficult Times Ahead

By Nader Habibi

Dr Habibi is Professor of Middle East Economics at Brandeis University, Waltham, Massachusetts, USA.

How will Iran’s economy perform in the next two years? It will remain hostage to the Western sanctions and will suffer as a result. The government is trying hard to shield the domestic economy against the sanctions but with the new measures against the Central Bank of Iran (CBI) and potential boycott of Iran’s oil and gas...