- Iran's economy is in trouble following US sanctions in 2018.
- Experts predict a shrinking economy, ballooning inflation, and a significant budget deficit.
- Read on for eight surprising facts about Iran's economy.
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Iran's economy has had a turbulent decade.
In 2016, Iran was on the rise economically, but since 2018, United States sanctions have sent the Middle Eastern nation in a downward spiral. The sanctions had previously been lifted under the 2015 nuclear deal between the two countries.
Now, experts predict that Iran will face a shrinking economy, ballooning inflation, and a significant budget deficit.
As Iran looks to the future, it's relying on trade partners other than the US in hopes to get its economy back on track.
Here are eight surprising facts about Iran's economy.