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Thursday, May 3, 2018

Economic security

Iran nuclear deal: Is its economy better off?


A shopper passes a food stall in Tehran's Grand Bazaar.
The 2015 nuclear deal between Iran and six world powers - the US, Russia, China, the UK, France and Germany - lifted international sanctions on Iran's economy, including those on oil, trade and banking sectors.
In exchange, Iran agreed to limit its nuclear activities.
US President Donald Trump has repeatedly threatened to abandon the agreement and will make a decision on 12 May about whether to reintroduce sanctions from his country.
So, as that deadline draws nearer, Reality Check examines how Iran's economy has fared since the nuclear accord came into effect.
Iran's economy was in a deep recession in the years before the nuclear agreement. But the International Monetary Fund reported that the real GDP of Iran grew 12.5% in the first year following the implementation of the deal.


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