WORLDAP NEWS
Soaring inflation and plummeting economy test Iran’s ability to withstand war and US blockade
Iran's economy is struggling due to soaring inflation and a plummeting economy, testing its ability to withstand war and US blockade. The country has seen mass job losses and business closures, with Iranians hit by spiraling prices for food and medicine. The International Monetary Fund predicts the Iranian economy will shrink by about 6 percentage points in the next year.
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