Analysis & Opinions - Responsible Statecraft

Iran’s Economy, So Far Resilient, Now Faces Ultimate Test

| Jan. 31, 2024

After six years of U.S. “maximum pressure,” Iran’s economy continues to defy dire predictions of economic collapse that motivated Trump’s hasty 2018 withdrawal from the Iran nuclear deal (also known as the JCPOA). The Biden administration’s continuation of the same policy since 2021 is similarly based on the logic that the weaker Iran’s economy is, the more likely Tehran will bend to Washington’s will. The economy’s resilience is evidenced by the fact that in the first nine months of the Iranian fiscal year (March 21 to December 20, 2023), GDP grew by a 6.7% annual rate, and it is very likely to finish the year in two months with a growth rate exceeding the World Bank and IMF forecasts of about 4%.

For more information on this publication: Belfer Communications Office
For Academic Citation: Salehi-Isfahani, Djavad.“Iran’s Economy, So Far Resilient, Now Faces Ultimate Test.” Responsible Statecraft, January 31, 2024.

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