Is Iran teetering on the economic brink?
Iran’s government may be under siege, but it can enforce stability through force, according to analysts.
“The regime is under very strong pressure, certainly. We may therefore yet see some changes, but I think we’re far away from a collapse in the government’s ability to provide basic services and maintain a monopoly on the use of force within the territory,” Vladimir Gorshkov, macro policy strategist at State Street Investment Management tells Salaam Gateway.
Conflict sparked in Iran on December 28 when protests broke out in two major markets in the country’s capital, Tehran, after a spike in inflation pushed food prices higher. The head of Iran’s central bank resigned the following day as demonstrations spilled over to other cities.
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