"Most of the country is closed down this week for Nowruz holidays to celebrate the Persian New Year. But Iran has had numerous unexpected shutdowns this year, including those due to the 12-day war with Israel and the US in June, and the bloody nationwide protests in January."
"Iranians' purchasing power has been steadily falling for years, and well-paying jobs have become scarce due to a destructive mix of local corruption and mismanagement, paired with a maximum pressure campaign of all-encompassing sanctions started in 2018."
"Annual inflation was officially about 70 percent just before the war, with food inflation rates pushing more than 100 percent, signalling more trouble ahead for lower-income Iranians."
Iranians are experiencing significant economic difficulties due to the US-Israeli war and the longest internet shutdown in the country's history. Many are left without income or temporarily displaced. The economy has been struggling with high inflation rates, particularly in food prices, and reduced market activity. Business owners report drastically lower sales, especially during the Nowruz holiday season. The combination of local corruption, mismanagement, and international sanctions has led to a decline in purchasing power and job availability, exacerbating the situation for lower-income citizens.
Read at www.aljazeera.com
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