Posted 1/15/2024, 2:59:00 PM
Iran Faces Looming Economic Catastrophe from Massive Infrastructure Shortfalls and Imbalances
- Iran faces a $500 billion infrastructure deficit yet political elites seem unaware of the enormity of the problem
- The government budget deficit pales in comparison to other issues like declining resources, economic imbalances, pension shortfalls
- Iran sold $1.5 trillion in oil over 20 years but faces a bankrupt government controlling 80% of the economy
- To prevent catastrophe, Iran needs $100-150 billion in investment annually for years which currently seems out of reach
- If imbalances continue unchecked, Iran could face 50% monthly inflation rate and unprecedented economic conditions in 5 years