EghtesadOnline: The Iranian economy entered a third consecutive year of recession following the triple-shock of sanctions, oil market collapse and Covid-19.
EghtesadOnline: Coronavirus bailout loans will ultimately increase money supply but that’s the lesser evil when it comes to making a choice between inflation and recession.
EghtesadOnline: T he coronavirus has closed the doors of 2,200 eco-lodges across the country, making at least 22,000 people redundant without any source of income for the past two months. They are now seeking government aid to weather the storm of unemployment and recession.
EghtesadOnline: Purchasing Managers Index in the 10th month of the current fiscal year (Dec. 22, 2019-Jan. 20) settled at 44.26, indicating that Iran’s economy remains in recession, according to the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture.
EghtesadOnline: Purchasing Managers Index in the ninth month of the current fiscal year (Nov. 22-Dec. 21) settled at 48.22, indicating that Iran’s economy is in recession, according to the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture.
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.