Iran's Economy in Crisis After Decade of Sharp Decline and High Inflation
• Iran's economy has sharply declined over the past decade - per capita income fell from $8,525 to under $3,000 and the currency has drastically lost value
• Inflation remains very high, around 40%, keeping Iran's Misery Index at its highest ever level of 60.4%
• 44 million Iranians now live below the poverty line out of a population of 88 million
• Many Iranian banks and pension funds face deep financial troubles and risk insolvency
• Economic growth is finally expected to recover slightly to 2.5% in 2024, but inflation remains relatively high