Broke ass Iranians
‘Iran is broke’: How clerics crippled the Islamic Republic
Inflation in Iran makes Britain’s cost of living crisis look like a picnic.
Price growth has been in double digits for nearly six years and averaged 35.8pc in February.
In the last two years, under President Ebrahim Raisi, the cost of lamb has gone up by 269pc. The price of chicken, onions and sugar cubes have gone up by 200pc, 185pc and 147pc respectively. The cost of a basic car has gone up by 144pc.
“It has been horrific,” says Ali Ansari, founding director of the University of St Andrews’ Ins ute for Iranian Studies.
Iran cannot afford a war
Although Iran is a key aggressor in the conflict in the Middle East, it is taking pains to avoid a full-scale war because it cannot afford one.
“While things have improved, they do not have the financial resources to go into a war, and the ramifications if they did could cripple the economy further,” says James Swanston, a Middle East specialist at Capital Economics.
“I think the economic weakness at home is constraining them. They’re not keen on escalation, they don’t want a war. They know they couldn’t really win a war and they know a war would be devastating to the economy in a way that they can’t even imagine,” Ansari says.
https://www.telegraph.co.uk/business...omy-inflation/