How will uncertainty and government policies impact Iran’s economic outlook in 2024?
To:
Al-Monitor Readers
From:
Dr. Bijan Khajehpour
Managing Partner, Eurasian Nexus Partners, Vienna, Austria
Date:
Dec. 18, 2023
Bottom Line:
The Iranian economy has been in a state of stagflation since 2018; however, mediocre growth has returned to the economy. Continuing to grapple with US sanctions as well as poor governance, corruption and mismanagement, the government is unable to send the needed signals to the business community to improve economic conditions. As such, we should not expect a major shift in 2024.