#BREAKING
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These 6 charts show how sanctions are crushing Iran’s economy:
Iran's economy is crumbling after years of U.S.sanctions
#WeStand4FreeIran
a.msn.com/00/en-us/BB1eR…
📈1⃣
These 6 charts show how sanctions are crushing Iran’s economy:
Iran's economy is crumbling after years of U.S.sanctions
#WeStand4FreeIran
a.msn.com/00/en-us/BB1eR…
Iran's economy contracted an estimated 4.99% in 2020, steadily shrinking since 2017.
In comparison,Islamic Republic enjoyed a sharp economic growth of 12.5% in 2016 after nuclear deal was signed. However, that reprieve was short-lived. #Iran
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Oil production and exports hurt
In comparison,Islamic Republic enjoyed a sharp economic growth of 12.5% in 2016 after nuclear deal was signed. However, that reprieve was short-lived. #Iran
📈2⃣
Oil production and exports hurt
The International Monetary Fund sees Iran's gross domestic product growing 3% in 2021.
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The sanctions lowered Iran's ability to sell oil and prevented them from repatriating money from energy sales, Abrams said.#Nowruz #WeStand4FreeIran @jrpsaki
World trade with Iran falls
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The sanctions lowered Iran's ability to sell oil and prevented them from repatriating money from energy sales, Abrams said.#Nowruz #WeStand4FreeIran @jrpsaki
World trade with Iran falls
Exports and imports both fell sharply after the sanctions were reimposed. Besides oil.
IMF estimates suggest Iran fell into a trade deficit of $3.45 billion in 2020. The country had a trade surplus of $6.11 billion in 2019, according to IMF. #Iran @SecDef
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Inflation spikes
IMF estimates suggest Iran fell into a trade deficit of $3.45 billion in 2020. The country had a trade surplus of $6.11 billion in 2019, according to IMF. #Iran @SecDef
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Inflation spikes
A weaker currency makes imports more expensive for locals, and high inflation means the cost of living is rising at a time when the people are already struggling with a weak economy and job market.
@francediplo_EN @DutchMFA @NorwayMFA @FCDOGovUK @ItalyMFA
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Weak job market
@francediplo_EN @DutchMFA @NorwayMFA @FCDOGovUK @ItalyMFA
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Weak job market
High unemployment rates are set to increase even further given Iran's economic struggles.
An estimated 12.4% of population is expected to be out of work in 2021, according to IMF projections.
@VonderLeyen @EU_eeas @FCDOGovUK @GermanyDiplo @SpainMFA
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Widening fiscal deficit
An estimated 12.4% of population is expected to be out of work in 2021, according to IMF projections.
@VonderLeyen @EU_eeas @FCDOGovUK @GermanyDiplo @SpainMFA
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Widening fiscal deficit
The national budget is of some interest (to Iran's Supreme Leader Ayatollah Ali Khamenei) because he would want money for the Revolutionary Guards, for Hezbollah, for the Shia militias in Iraq, and for various other expenses that they have.
#Nowruz #WeStand4FreeIran @StateDept
#Nowruz #WeStand4FreeIran @StateDept
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