The economic situation in Iran is dire, with deepening poverty, rising household debt, and rampant inflation. The Iranian Labour News Agency reports that workers are constantly indebted and struggling to make ends meet.

Economic Sanctions

The US has imposed economic sanctions on Iran, which are exacerbating the country’s economic problems. President Trump has stated that the US is only semi-negotiating with Iran and is instead focusing on watching the country’s economic situation.

The Iranian government has warned of the social consequences of the economic meltdown, and state media has acknowledged the risk of renewed social unrest. The government has also warned that it may reduce gasoline subsidies, which would trigger a new wave of inflation and potentially lead to higher unemployment.

Humanitarian Impact

The economic crisis is having a devastating impact on ordinary Iranians. Many are struggling to afford basic necessities like food and medicine, and are being forced to use credit apps to make ends meet. The use of these apps is growing among students and workers, who are facing uncertain employment prospects and unstable incomes.

Rent inflation has also driven thousands to seek cheaper accommodation on the outskirts of cities. The costs of residential construction have doubled in the last year, and housing transactions remain depressed.

Workers’ groups say that the government has forgotten them in the midst of the economic crisis. The head of the Baneh Construction Workers’ Trade Association stated that Iranian workers have been forgotten and left defenseless, with their efforts focused solely on survival.

Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.