For more than three decades, Japan was not merely a large economy with unusually low interest rates. It was one of the quiet pillars of the global financial order. Near-zero borrowing costs, vast…
Opinion
The Iranian year 1404 (March 2025–March 2026) will likely be remembered as a turning point in Iran’s economic history. Inflation has become the country’s most urgent economic problem, and no…
The biggest analytical mistake one can make about the US economy in the summer of 2026 is to treat each of its pressures as an isolated variable: inflation as the Federal Reserve’s problem,…
Economies are not only damaged by crises themselves; they are often weakened even more by prolonged uncertainty. A war can destroy infrastructure, disrupt trade and increase costs, but it usually…
No city should have to rely on the next construction boom to finance essential public services. Yet this has long been the financial reality for many Iranian municipalities.
Few concepts in Iran’s political discourse carry as much rhetorical weight with the public as “economic justice,” and none is so profoundly misrepresented. The principle is often reduced to a…
Iran is navigating one of the most challenging periods in its modern history. After years of living under expanding sanctions, the country has also endured the heavy economic consequences of two…
The scope for conventional monetary policy in Iran is extremely limited due to capital controls, the central bank's lack of independence, financial repression and entrenched inflationary…
Editorial
Ali Hashemifara
Editorial
Editorial
Editorial
Editorial
Editorial
Abazar Barari
Editorial
The defining feature of today’s economic environment is not simply uncertainty, but the speed at which conditions can change. Policymakers are no longer dealing with trends…
Mohammad Javad Bannazadeh, Investment Analyst
Iran's economy is at a breaking point. After recovering to $404 billion in 2023, the IMF now projects a sharp 6.1 percent contraction in 2026,…
Ali Hashemifara
Jalil Alizadeh
Geopolitics is now measured in nanometers. At customs checkpoints, governments are no longer searching only for weapons or military components. Increasingly, they are trying…
Mahdi Feiz, Financial Analyst
Editorial
Reza Ghiabi
Economic analysis usually deals with two familiar states: growth or recession. Iran’s current condition, however, fits neither category. What is increasingly observable is…
Editorial
Recent unrest in Iran triggered by sharp and repeated currency swings is a reminder that economic instability rarely exists in isolation. Exchange rate volatility may have…
Editorial
Iran’s proposed budget for fiscal year 1405 ((March 2026–March 2027) marks a notable departure from the expansionary and inflation-prone frameworks that have long…
