""If this war had a hidden target, it was not Iran's military power projection; it was the labor market that sustains the livelihoods of ordinary citizens.""
""Considering the pattern of attacks, about 10 to 12 million jobs, roughly 50 percent of Iran's workforce, are now at risk.""
""The war's other knock-on effects, including 72% inflation in March, weak demand, low liquidity, falling incomes and deep uncertainty have hit wholesalers and retailers as well.""
The U.S. and Iran have maintained a ceasefire for nearly two weeks, revealing significant economic damage from the conflict. Over 125,000 buildings and 20,000 industrial units have been destroyed. Iran's ports and transportation systems are heavily impacted, with damages exceeding $300 billion. Key sectors like steel, construction, and retail are disrupted, threatening 10 to 12 million jobs, or about 50% of the workforce. Inflation, weak demand, and uncertainty further exacerbate the economic crisis, affecting wholesalers and retailers.
Read at Fortune
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