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About: Economic recession in Iran     Goto   Sponge   NotDistinct   Permalink

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The economy of Iran has been stagnated for several years since the Islamic Revolution. The economic recession was intensified in early 1990s. Thus, it is necessary to make serious decisions in processing macroeconomic variables. In early 2010s, the real GDP trend experienced serious changes, and the economic recession was intensified with a drop in oil prices and the subsequent reduction in domestic and foreign exchange earnings. In economic literature, the overall macroeconomic performance deviation from the long-term growth is called the business cycle. Clearly, a better understanding of recession in the economy of Iran is crucial in economic policies.