Friday, September 11, 2015

Iranian Consumers to the Rescue?

With the Iran nuclear deal days away from being ratified, will Iranian consumers rescue the global market for manufactured goods? Some analysts expect so, but there are reasons to be cautious. World oil prices are low, so most of Iran’s new revenue from oil will have to go to operate its oil fields. Relatively little of the profit from government enterprises in Iran trickles down to the consumer. Iran will be importing and exporting more, but it is too soon to say if this will be enough to counter recent global trends.

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