Iran's economy is melting down, current regime may not survive: Reports

Shares
Iran's economy is melting down, current regime may not survive: Reports

*TEHRAN - The economy of Iran is melting down and in such bad shape that the current regime cannot survive, experts have warned.*

There are only six weeks to go before the second slew of sanctions will be introduced against the country.

Protests and strikes began in December and have spread across the country, reports the UPI wire service.

People have been unable to afford food and basics. Wages have not been paid. Inflation will reach 60 percent this year, its central bank has said. The Iranian rial has hit a record low against the dollar.

The country’s active work force is 26 million, of whom at least 10 million are jobless. “Youth unemployment is at a staggering 40 percent. Many university graduates are unable to find a job.”

Even Afghan migrants who sought refuge in Iran have been forced to return, he writes. At least 33 percent of the population lives absolute poverty.