The Iranian economy is facing a number of challenges, including:
Sanctions: The United States has imposed sanctions on Iran since 1979, and these sanctions have had a significant impact on the Iranian economy. The sanctions have made it difficult for Iran to export its oil and gas, which are its main sources of revenue.
High inflation: Inflation in Iran is currently running at around 40%, which is making it difficult for people to afford basic necessities.
Currency devaluation: The Iranian currency, the rial, has lost a significant amount of its value in recent years. This has made it even more difficult for Iranians to import goods and services.
Brain drain: Many skilled and educated Iranians have left the country in recent years due to the economic challenges. This has deprived the country of much-needed talent and expertise.
The Iranian government has taken some steps, like hostage taking to exchange for ransom, to address these challenges, but the economy remains in a difficult situation. It is unclear how the Iranian economy will evolve in the coming years.
However, it is important to note that the Iranian economy is not “dead”. The country still has oppressive government controlling a large population and a significant amount of natural resources.