Iran's economy has been battered. Its leaders still think Trump will blink first
Iran's economy is facing severe challenges due to ongoing conflicts and U.S. blockades. Manufacturing has nearly halted, leading to significant job losses and skyrocketing prices for essential goods. Despite these hardships, Iranian leaders remain optimistic that their economy can withstand the pressure longer than the U.S. administration.
- ▪Iran has lost at least 1 million jobs directly due to the war, with 10 to 12 million more at risk.
- ▪Airstrikes have damaged 20,000 factories, crippling key industries such as steel and petrochemicals.
- ▪The cost of chicken has risen by 75 percent in the past month, while beef and lamb prices have jumped 68 percent.
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Women sit in front of a mosque around the traditional grand bazaar of Tehran, Iran, Mar. 29. AP-YonhapCAIRO — In the heartland of Iran’s famed carpet-making industry, manufacturing has ground to a near halt. Dairies struggle to find packages for milk and butter. Giant steel mills that once drove Iran’s economy have gone silent. Hundreds of thousands have lost jobs, and millions more are at risk.Over more than five weeks of bombardment, U.S. and Israeli strikes hit thousands of factories. The damage is reverberating across Iran’s economy, threatening increasing waves of layoffs, even as Iranians face skyrocketing prices. The cost of chicken is up 75 percent the past month, and beef and lamb jumped 68 percent.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Korea Times.
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