Iran reaches new economic turning point – MEED

  • Date: 07-Jun-2021
  • Source: MEED
  • Sector:Economy
  • Country:Gulf
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Iran reaches new economic turning point – MEED

Resilient undercurrents of activity in almost every sector of the Iranian economy hint at the growth that might be achieved should sanctions be lifted

Nearly six years on from the signing of the Joint Comprehensive Plan of Action (JCPOA) in Vienna on 14 July 2015, Iran's economy once again hangs in the balance as negotiations for the US and Iran to return to the terms of the nuclear deal promise to either unlock growth or deepen its economic malaise.

There is almost as much at stake in principle – though not in practice – in Iran's political scene, as the presidential election draws close on 18 June. An early resolution of the negotiations with the US will be a victory for Iran's outgoing President Hassan Rouhani, as well as the reformist camp at large.