Iran: Economy Contracted 10% After the Start of the War
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The Iranian economy contracted 10.1% in the first quarter of the Persian year, between March and May, compared to the same period last year, in full war initiated by the United States almost seven months ago, was revealed this Sunday, September 20. Iran's Statistics Center indicated that the most affected sector was the extraction of crude oil and natural gas, which registered a fall of 26.4%, followed by industry and mining, with a contraction …
New statistics in Iran show the magnitude of the country's economic damage as a result of the war with the US. Thus, the economy is in a massive recession, under conditions where the gross domestic product – GDP – has fallen by more than 10%. The annual rate of inflation is almost 70%./opopescu/dsirbu BBC WORLD SERVICE – September 20
The Iranian economy contracted by 10.1% in the first quarter of the Persian year (the period between March and May 2026) over the same period last year, in the context of the war launched by the United States nearly seven months ago, shows official data published on Sunday, transmits EFE.
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Noticias ao MinutoIran's economy is going through a difficult period, with annual inflation of 89%, while the national currency has fallen to a peak for historical minimums in recent weeks.
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