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Iran's economy is out of control.

Publication: Market Africa Mid-East
Publication Date: 01-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
The nation's economy remains a dysfunctional wreck." So says an insightful September 5, 2006 story in USA Today (McLean, VA USA).

In a posting on its website, the Council on Foreign Relations (New York) presents the alarming fact that "90 percent of Iran's population receives its income from the state."

Some observers feel that the country's huge oil revenue will continue to maintain Iran's degraded economy for some time.

Unemployment is officially rated at 11 percent. And unemployment among the country's youth at 21 percent. The inflation rate as reported by the government...

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