Thursday, January 16, 2020

Why Iran's Economy Has Not Collapsed Amid U.S. Sanctions And 'Maximum Pressure'

https://www.npr.org/2020/01/16/796781021/why-irans-economy-has-not-collapsed-amid-u-s-sanctions-and-maximum-pressure

The U.S. has imposed many sanctions on Iran which has put Iran's economy in jeopardy. Perhaps, the U.S. was too optimistic that these sanctions would crash Iran's economy and end the regime. This is partly due to the fact that Iran has been under sanctions since the 80's, so they know how to find ways to operate even with harsh U.S. sanctions. This year Iran's GDP is on track to decrease 9%. But during the hostage crisis they're GDP decreased 50% and the economy still didn't crash. Part of the reason they have been able to stand these harsh sanctions is because they have good relations with some regional partners that help keep them afloat. Do you see Iran's economy failing in the near future or do you think they'll be able to hold of for the long run?