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Oct 10 - Donald Trump's sanctions have forced Iran's economy into a recession, IMF report


 
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 4 months ago '05        #1
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phantomnation 3064 heat pts3064
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Oct 10 - Donald Trump's sanctions have forced Iran's economy into a recession, IMF report
 

 

Iranís economy was previously expected to grow this year, but due to new U.S. sanctions it has now entered recession, a report from International Monetary Fund (IMF) has estimated.

The IMF World Economic Outlook report, which was released on Monday, predicts that Iranís economy will contract by 1.5 percent in 2018, with the trend continuing and increasing in 2019, shrinking by 3.5 percent, Radio Free Europe reported. In May, before President Donald Trump moved forward with sanctions against the Islamic Republic, the financial organization predicted 4 percent growth for this year and next.

ďReduced oil productionĒ was blamed as the main driving factor behind the downturn, according to the study, Oil Price reported. But the IMF also expects the recession to only last through 2019, after which the economy should return to ďmodest positive growthĒ from 2020 to 2023.

Trump withdrew the U.S. from the 2015 Joint Comprehensive Plan of Action (known commonly as the Iran nuclear deal) in May, after consistently criticizing the international pact for years. In August, Washington moved to officially reimplement the first round of sanctions against Iran, also threatening to target anyone continuing to do business with the Middle Eastern nation.

Further sanctions targeting the countryís oil sector will go into effect next month. Since the summer, Trump has been pushing allies and trading partners to cut imports of Iranian oil, while also urging OPEC members to fill the gap.

Meanwhile, Iranian crude exports have plunged by more than 500,000 barrels per day, after reaching a peak of about 2.5 million when sanctions were lifted in 2016. In November, Iranian production is expected to dip even further with expanded sanctions.

The IMF voiced concern about the global oil market in its new report. ďUncertainty remains substantial around the baseline a*sumptions for oil prices because Saudi Arabiaís spare capacity is shrinking and U.S. sanctions against Iran will both weigh on Iranís oil production prospects in the medium term and reduce Iranís crude exports in the short term, requiring others with spare production capacity to step in,Ē the report explained.

Saudi Arabia and Russia have ramped up production as oil prices rose to the highest theyíve been in four years. Tehran has warned that Moscow and Riyadhís increase wonít be enough to make up for the deficit of removing Iranian oil from the international market.

Analysts have suggested that oil prices will continue to increase before lowering.

ďPrices will probably rise further into overshoot territory. Once we see $90, I would expect decisive supply reaction,Ē Commerzbank strategist Carsten Fritsch told Reuters last week. ďMajor economies wonít let oil prices rise to triple digits and harm economic growth.Ē
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31 comments for "Oct 10 - Donald Trump's sanctions have forced Iran's economy into a recession, IMF report"

 4 months ago '18        #2
Binary 91 heat pts91
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Don’t fu*k with the U.S

-10   

 4 months ago '18        #3
Deeznutz1981 1 heat pts
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Trump stay winning

Obama would have bowed out months ago!
+1   

 4 months ago '12        #4
Di Warlord 8 heat pts
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I know Iran’s got some thick Persian ones out there

Wonder if they got a recession special
+14   

 4 months ago '07        #5
MELODY 123 heat pts123
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 Di Warlord said
I know Iranís got some thick Persian ones out there

Wonder if they got a recession special
+1   

 4 months ago '04        #6
UF4Soldier 136 heat pts136
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Our stocks ain't looking too good today either.
+1   

 4 months ago '07        #7
MELODY 123 heat pts123
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[pic - click to view]




+6   

 4 months ago '07        #8
MELODY 123 heat pts123
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 UF4Soldier said
Our stocks ain't looking too good today either.
That's all tech because of their censorship.


-3   

 4 months ago '16        #9
North Face 40 heat pts40
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America first!

We stay the strongest. Proud!!
-6   

 4 months ago '12        #10
Pleasure Boy 1323 heat pts1323
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Remember this retards... Every action has a reaction... US will have to kiss a lot of a*s after Trump is gone... The damage this orange idiot is doing will take years to undo
+10   

Top 10 most slapped recently  4 months ago '04        #11
dc3003 115 heat pts115
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 Pleasure Boy said
Remember this retards... Every action has a reaction... US will have to kiss a lot of a*s after Trump is gone... The damage this orange idiot is doing will take years to undo
U cant name 1 thing hes done as damage u idiot
-4   

 4 months ago '16        #12
OWPE 89 heat pts89
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Boxden told me Iran was still dealing with Europe and everybody else’ and their economy was fine.

 4 months ago '18        #13
Binary 91 heat pts91
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 UF4Soldier said
Our stocks ain't looking too good today either.
My portfolio is up 14.2 % ytd
-5   

 4 months ago '07        #14
MELODY 123 heat pts123
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 Pleasure Boy said
Remember this retards... Every action has a reaction... US will have to kiss a lot of a*s after Trump is gone... The damage this orange idiot is doing will take years to undo
Iran's people been protesting ever since their government took the Billions given by Obama and didn't stimulate their economy. Pocketed the money and sponsored terrorism.





[pic - click to view]





[pic - click to view]

+1   

 4 months ago '09        #15
ShadyVsEminem 252 heat pts252
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 Deeznutz1981 said
Trump stay winning
Whats prize do you get for intentionally starving a country? Trumps best person that piece of sh*t John Bolton threatened to sanction European allies if they didnt turn on Iran a few months ago. The swamp have been planning this for years and Iran are on their list of 7 countries they want to destroy so now they are backing them into a corner hoping for a response to line the pockets of the military industrial complex
+4   

 4 months ago '09        #16
kingkeno 1 heat pts
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 Pleasure Boy said
Remember this retards... Every action has a reaction... US will have to kiss a lot of a*s after Trump is gone... The damage this orange idiot is doing will take years to undo
I doubt anyone cares about the mullahs in Iran. Even their own people want to overthrown them.

 4 months ago '18        #17
Deeznutz1981 1 heat pts
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 ShadyVsEminem said
Whats prize do you get for intentionally starving a country? Trumps best person that piece of sh*t John Bolton threatened to sanction European allies if they didnt turn on Iran a few months ago. The swamp have been planning this for years and Iran are on their list of 7 countries they want to destroy so now they are backing them into a corner hoping for a response to line the pockets of the military industrial complex
shut up snowflake
-1   

 4 months ago '09        #18
ShadyVsEminem 252 heat pts252
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 Deeznutz1981 said
shut up snowflake
I guess when your on the swamps side as an example 500,000 dead children is nothing

[video - click to view]

+1   

 4 months ago '07        #19
MELODY 123 heat pts123
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 ShadyVsEminem said
Whats prize do you get for intentionally starving a country? Trumps best person that piece of sh*t John Bolton threatened to sanction European allies if they didnt turn on Iran a few months ago. The swamp have been planning this for years and Iran are on their list of 7 countries they want to destroy so now they are backing them into a corner hoping for a response to line the pockets of the military industrial complex
It's not America's job to sustain other countries. Especially if they're sponsoring terrorism around the world and chanting "death to America". Its the job of their elected officials. fu*k Iran and anyone who wants it with the US.


America First


+1   

 4 months ago '09        #20
ShadyVsEminem 252 heat pts252
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 MELODY said
It's not America's job to sustain other countries. Especially if they're sponsoring terrorism around the world and chanting "death to America". Its the job of their elected officials. fu*k Iran and anyone who wants it with the US.


America First


Iran are not looking for handouts like that rogue nation Israel, America is trying to block Irans main source of income though
+4   

 4 months ago '18        #21
ChrisPartlowFro 5 heat pts
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 MELODY said
That's all tech because of their censorship.


No it isnít.

 4 months ago '18        #22
ChrisPartlowFro 5 heat pts
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 Binary said
My portfolio is up 14.2 % ytd
fu*k does that have to do with the markets as a whole? Nothing. They dropped crazy yesterday, thatís a fact, your portfolio be damned. Itís also a fact that itís correlated to the raising of rates, thus money is no longer free hence the market is afraid youíll see outflows of excess capital because, money is no longer free and it needs to be optimized.

Absolutely nothing to do with Trump or Obama.


You guys k*ll me talking about the markets like economic policy dictates performance. Itís not a linear relationship like that and the more you post sh*t like that, the more people who actually know the markets (and might agree with you about somethings) know you donít know what youíre talking about.

Stop weaponizing info you really donít understand.

 4 months ago '12        #23
Boo The Fool 13 heat pts13
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 Binary said
My portfolio is up 14.2 % ytd
Slapped, every stock is in free fall mode right now
-2   

 4 months ago '10        #24
DATKIDD121 48 heat pts48
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 Boo The Fool said
Slapped, every stock is in free fall mode right now
Slapped for being a hater

 4 months ago '04        #25
Kliq 288 heat pts288
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 ChrisPartlowFro said
fu*k does that have to do with the markets as a whole? Nothing. They dropped crazy yesterday, thatís a fact, your portfolio be damned. Itís also a fact that itís correlated to the raising of rates, thus money is no longer free hence the market is afraid youíll see outflows of excess capital because, money is no longer free and it needs to be optimized.

Absolutely nothing to do with Trump or Obama.


You guys k*ll me talking about the markets like economic policy dictates performance. Itís not a linear relationship like that and the more you post sh*t like that, the more people who actually know the markets (and might agree with you about somethings) know you donít know what youíre talking about.

Stop weaponizing info you really donít understand.

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