
Iran Focus
London, 9 Oct – The International Monetary Fund (IMF) has estimated that the Iranian economy fell into recession this year, thanks to renewed US sanctions, something that will only get worse next year.
The IMF released its World Economic Outlook late on October 8, which stated that Iran’s oil-driven economy is expected to decrease by 1.5% this year, as a result of falling oil exports, something that will only continue to drop in 2019, leading to a shrinkage of 3.6% in the Iranian economy next year.



