Nader Habibi

Henry J. Leir Professor of the Economics of the Middle East at the Crown Center, Brandeis University


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The Iranian Economy Two Years after the Nuclear Agreement


Nader Habibi
Middle East Brief 115, February 2018


January 16, 2018 marked two years since the Joint Comprehensive Plan of Action – the nuclear deal between Iran and the P5+1 – lifted international nuclear-related sanctions. Although the agreement was expected to bring significant economic benefits to Iran, the weeks leading up to this anniversary witnessed Iranians protesting in the streets of many cities against continued economic hardship. In this Brief, Nader Habibi assesses the economic dividends of the nuclear deal for the Iranian economy by focusing on oil production, growth, trade, and investment over the past two years. He then looks at factors such as household consumption, unemployment, corruption, and the financial burdens of Iran's foreign interventions to explain why so many Iranians have not felt the economic benefits of sanctions relief in their daily lives.

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