Global Macro Service > Research Briefings > Iran Islamic Rep
The next round of US sanctions that will start in November – targeting Iran’s oil industry and crude exports which form the backbone of the economy and the primary source of revenue and foreign currency for the government – will cripple the economy. We expect the sanctions to tip the economy back into recession, with GDP now seen contracting by 3.7% in 2019, the worst economic performance in six years. For 2020, we see growth of 0.5%, driven by a modest recovery in private consumption and net exports.
To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below