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a short essay or analyzing statement about Iran business cycle and inflation and unemployment rate and...

a short essay or analyzing statement about Iran business cycle and inflation and unemployment rate and historical real GDP

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Iran has seen cyclical changes as it majorly relies on crude oil exports for its revenues receipts and is biggest contributing factor to GDP. The rising crude oil prices defune the movement of GDP in Iran. However lately The US round of sanctions has plunged the production and processing of crude oil and exports havr taken massive hit which thus is expected to reduce GDP levels substantially.

The Unemployment rate has remained above staggering 10% levels past 10years and now stands at 12.42%. The inflation rate apparently stands at 9.64% due to supply shocks and imprits of various foodgrains and thus derails entire economy..

Real GDP rate has been very fluctuating due to above stated reasons as in 2016 it was 12.5%, In 2017 it was 3.7% and in 2018 it saw degrowth of - 1.5% which clearly depicts crude oil prices being plunged due to sanctions.

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