Iran Economic Monitor, Spring 2020 : Mitigation and Adaptation to Sanctions and the Pandemic

Iran Economic Monitor, Spring 2020 : Mitigation and Adaptation to Sanctions and the Pandemic

The recession in Iran accelerated in 2019-20 as United States (U.S.) sanctions further tightened. Inflation has gradually declined as the impact of the sharp depreciation of the rial in 2018-19 dissipated but foreign exchange reserves remain limite...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
SANCTIONS
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
POVERTY
ECONOMIC GROWTH
ECONOMIC OUTLOOK
EXTERNAL SECTOR
MONETARY POLICY
FISCAL TRENDS
LABOR MARKET
EMPLOYMENT
RISK MANAGEMENT
INEQUALITY
GASOLINE SUBSIDY
Online Access:http://documents.worldbank.org/curated/en/229771594197827717/Iran-Economic-Monitor-Mitigation-and-Adaptation-to-Sanctions-and-the-Pandemic
http://hdl.handle.net/10986/34045
id okr-10986-34045
recordtype oai_dc
spelling okr-10986-340452022-08-02T18:36:59Z Iran Economic Monitor, Spring 2020 : Mitigation and Adaptation to Sanctions and the Pandemic World Bank SANCTIONS CORONAVIRUS COVID-19 PANDEMIC IMPACT POVERTY ECONOMIC GROWTH ECONOMIC OUTLOOK EXTERNAL SECTOR MONETARY POLICY FISCAL TRENDS LABOR MARKET EMPLOYMENT RISK MANAGEMENT INEQUALITY GASOLINE SUBSIDY The recession in Iran accelerated in 2019-20 as United States (U.S.) sanctions further tightened. Inflation has gradually declined as the impact of the sharp depreciation of the rial in 2018-19 dissipated but foreign exchange reserves remain limited. The growing gross borrowing needs has increased the government’s reliance on debt issuance and withdrawals from strategic reserves. Negative economic growth and high inflation coupled with COVID-19 (Coronavirus) will put further pressure on household livelihoods in 2020-21. The current unique situation of Iran’s economy presents significant downside risks for the baseline macroeconomic outlook. The country’s economic and social challenges disproportionately impact the lower income decile households who have faced significant economic pressure. Any increase in the value of cash transfers, along with introducing targeting mechanisms, can help the poor cope with the social-economic shocks, but fiscal constraints may limit the scope for significant response. 2020-07-08T15:39:19Z 2020-07-08T15:39:19Z 2020-06-21 Report http://documents.worldbank.org/curated/en/229771594197827717/Iran-Economic-Monitor-Mitigation-and-Adaptation-to-Sanctions-and-the-Pandemic http://hdl.handle.net/10986/34045 English Iran Economic Monitor CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Middle East and North Africa Iran, Islamic Republic of
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic SANCTIONS
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
POVERTY
ECONOMIC GROWTH
ECONOMIC OUTLOOK
EXTERNAL SECTOR
MONETARY POLICY
FISCAL TRENDS
LABOR MARKET
EMPLOYMENT
RISK MANAGEMENT
INEQUALITY
GASOLINE SUBSIDY
spellingShingle SANCTIONS
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
POVERTY
ECONOMIC GROWTH
ECONOMIC OUTLOOK
EXTERNAL SECTOR
MONETARY POLICY
FISCAL TRENDS
LABOR MARKET
EMPLOYMENT
RISK MANAGEMENT
INEQUALITY
GASOLINE SUBSIDY
World Bank
Iran Economic Monitor, Spring 2020 : Mitigation and Adaptation to Sanctions and the Pandemic
geographic_facet Middle East and North Africa
Iran, Islamic Republic of
relation Iran Economic Monitor
description The recession in Iran accelerated in 2019-20 as United States (U.S.) sanctions further tightened. Inflation has gradually declined as the impact of the sharp depreciation of the rial in 2018-19 dissipated but foreign exchange reserves remain limited. The growing gross borrowing needs has increased the government’s reliance on debt issuance and withdrawals from strategic reserves. Negative economic growth and high inflation coupled with COVID-19 (Coronavirus) will put further pressure on household livelihoods in 2020-21. The current unique situation of Iran’s economy presents significant downside risks for the baseline macroeconomic outlook. The country’s economic and social challenges disproportionately impact the lower income decile households who have faced significant economic pressure. Any increase in the value of cash transfers, along with introducing targeting mechanisms, can help the poor cope with the social-economic shocks, but fiscal constraints may limit the scope for significant response.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Iran Economic Monitor, Spring 2020 : Mitigation and Adaptation to Sanctions and the Pandemic
title_short Iran Economic Monitor, Spring 2020 : Mitigation and Adaptation to Sanctions and the Pandemic
title_full Iran Economic Monitor, Spring 2020 : Mitigation and Adaptation to Sanctions and the Pandemic
title_fullStr Iran Economic Monitor, Spring 2020 : Mitigation and Adaptation to Sanctions and the Pandemic
title_full_unstemmed Iran Economic Monitor, Spring 2020 : Mitigation and Adaptation to Sanctions and the Pandemic
title_sort iran economic monitor, spring 2020 : mitigation and adaptation to sanctions and the pandemic
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/229771594197827717/Iran-Economic-Monitor-Mitigation-and-Adaptation-to-Sanctions-and-the-Pandemic
http://hdl.handle.net/10986/34045
_version_ 1764480142268170240

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