News : Economy
- Published: Tuesday, 30 April 2019
By INU Staff
INU - The International Monetary Fund (IMF) has reported that the U.S. sanctions on the Iranian regime are starting to have an impact on the region. It has stated that an estimated 1.7% contraction related to the output of goods and services for non-Gulf Cooperation Council (GCC) oil exporters is due to the economic situation in Iran.
The Iranian economy has taken a number of major blows over the past few years and there is no sign of any improvement in the near future. In fact, it seems that the recession there will continue to get worse and worse.
The IMF believes that projected growth in Iran will have been reduced by around 10 per cent for the period 2018 to 2010.
Inflation in Iran has increased massively since the end of last year. Many are quick to blame the U.S. sanctions on Iran that took effect in November last year, but it must not be forgotten that the widespread economic corruption that has been around for decades is as much, if not more, to blame. Economic mismanagement has been a defining feature of the ruling regime and it has not only destroyed the economy, but it has also had a profound effect on the social services in Iran as well as the country’s infrastructure.
Analysts believe that inflation in the country could go up to 40 per cent during the course of 2019, with one of the factors being the recent announcement by the United States that waivers on oil imports will not be renewed next month. The inflation rate for 2019 was 9 per cent.
A slowdown is predicted for oil exporters across the region and in North Africa.
The U.S. sanctions on Iran regime are in place because of its continued belligerence, at home, across the region and much further afield. Many are encouraging increased pressure on Iran, not least the people of Iran.
Regime change is the only remaining option with regards to the future of Iran and the security of the region. Moderation does not exist in the regime and it cannot change its policies to anything that would be considered acceptable by the international community, precisely because its future relies on the export of the Terrorism and Religious Extremism.
The Iranian regime spends billions per year on the spread of chaos and terror across the Middle East and its terrorist activities have escalated further afield. During 2018 alone, European intelligence agencies foiled a number of terrorist and assassination plots, one of which was targeting the Free Iran gathering in Paris which is organised by the National Council of Resistance of Iran (NCRI) – the main opposition to the regime.
Regime change would benefit the entire international community. A regime that assassinates political opponents, suppresses its own people in the most brutal of ways, commits crimes against humanity, disregards the most basic of human rights, sparks and fuels sectarian tension, funds terrorist groups, and so on, does not have a legitimate place in this world. Regime change by the Iranian people and their democratic and organized resistance would be doing everyone a favour.