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Recession in Iran unparalleled in past 30 years

NCRI – A senior official of the Iranian regime’s state Expediency Council has admitted that recession in Iran has reached worrying levels and could trigger a crisis.

Ali Ahmadi, President of the Joint Committee of the Expediency Council, acknowledged that the growth indicator of Iran’s economy in the first half of the current Iranian calendar year (beginning March 21, 2015) had been negative, causing a severe recession to set in.

“In the past 30 years we have never experienced such a recession,” he said in an interview on January 4 with the state-run Fars News Agency. “If urgent action is not taken, the present recession will foment a crisis.”