Iran threatened with economic meltdown
01-Mar-2009 (one comment)

The sharp downward spiral of oil prices has prompted economists to predict that Tehran is facing severe financial hardship within the space of a few months. Iran's presidential contenders have to address the budget deficit brought about by the plummeting oil prices and the world banking crisis. Being unable to update its technology has resulted in Iran having an antiquated manufacturing base.

recommended by Darius Kadivar



news flash

by capt_ayhab on

Dude, news flash. Iran is not the only country in economic melt down. Just FYI, entire global economy is melting.