The return of U.S. sanctions targeting Iran’s energy, banking, and shipping sectors is expected to put more pressure on the Iranian economy in 2019.
Sara Bazoobandi is the managing director of Middle East Risk Consulting. Prior to this, she was a senior lecturer in international political economy at Regent’s University London and worked as a visiting scholar at the Middle East Institute of the National University of Singapore. She was an associate fellow at the MENA program of the Royal Institute of International Affairs, Chatham House, between 2013 and 2016, and was appointed as a member of the Global Agenda Council of the World Economic Forum on the Middle East and North Africa for 2014-2016.
Iran’s increasingly tight job market, as a result of poor political and economic policies, as well as global sanctions, may intensify sociopolitical dissatisfaction and spark further unrest.
Money supply, its link to inflation, and its impact on the foreign-exchange market have created an intense national debate in Iran because of widespread negative impacts on the livelihood of the average citizen.
As economic conditions in Iran worsen, Iranians are shifting some of the blame from the West to domestic causes, including corruption and economic mismanagement.