EghtesadOnline: The recession predicted for the last fiscal year (March 2018-19) turned out to be deeper than expected and proved to be worse than what can be blamed on causes of economic contraction.
EghtesadOnline: Mohsen Salehinia, head of Iran Small Industries and Industrial Parks Organization, says out of the 43,000 small and medium sized enterprises in industrial towns, 20% are facing recession, which means their production has come almost to a halt.
EghtesadOnline: Twenty percent of manufacturing units located in industrial towns across Iran have been hit by recession, a deputy minister of industries, mining and trade said.
EghtesadOnline: The Majlis Research Center has called on the government and monetary regulators to boost the capital buffers of banks to help them cope with recession that observers predict will afflict the economy.
EghtesadOnline: Home prices in Tehran continue to increase while the number of property deals decline, the latest report released by the Central Bank of Iran announced after reviewing housing data in the 10th month of the current Iranian year that ended on Jan. 20.
EghtesadOnline: Home prices in Tehran increased and property deals declined in the ninth month of the current Iranian year, Azar (ended Dec. 21), the Central Bank of Iran said.
EghtesadOnline: As Tehran's residential housing market was experiencing a reversal and coming out of a long recession last year, the capital city's commercial properties market was sinking into stagnancy, official figures indicate.
EghtesadOnline: As Iran's housing sector is hard at work fighting off a returning recession triggered by the currency crisis, the state-run agent bank of the sector is pumping out facilities faster than ever to compensate for a dwindling purchasing and spending power.
EghtesadOnline: New data show property deals in Iran are on a downward trajectory, suggesting that the housing sector may be facing another bout of recession.
EghtesadOnline: Iran’s housing sector will soon slide back into recession in view of ongoing volatilities in the foreign exchange market, which have rocked prices during the past few months, the deputy of Tehran Association of Realtors said.