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Summaries of 2 articles on Iran’s economy & military spending, by Daily Alert, with links

By   /   January 10, 2019  /   No Comments

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Jan. 10, 2019

New Iranian Draft Budget Slashes Military Spending – Saeed Ghasseminejad and Tzvi Kahn
Iran’s military spending will significantly decrease, according to a draft 2019-2020 budget that President Rouhani submitted to parliament in December. The new figures suggest that reimposed U.S. sanctions have forced Tehran to prioritize its stability over its expansionary ambitions. (Foundation for Defense of Democracies)

Iran Enters Deep Recession after U.S. Sanctions Restored – Ahmad Alavi
Iran’s economy entered a deep recession in the last few months of 2018. The official unemployment rate among young Iranians reached 27% and over 40% among university graduates, says Omid Ali Parsai, chairman of the Iranian Statistical Center. The rates of investment and economic growth are in free fall in industry and agriculture, with a sharp decline in automobile production. The World Bank’s forecast for next year indicates a minus 3.7% economic growth and a 31.2% inflation rate. (Radio Farda)

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