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Iran threatened with economic meltdown
bbc01-Mar-2009 (one comment)
The sharp downward spiral of oil prices has prompted economists to predict that Tehran is facing severe financial hardship within the space of a few months. Iran's presidential contenders have to address the budget deficit brought about by the plummeting oil prices and the world banking crisis. Being unable to update its technology has resulted in Iran having an antiquated manufacturing base.
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news flash
by capt_ayhab on Mon Mar 02, 2009 08:58 AM PSTDude, news flash. Iran is not the only country in economic melt down. Just FYI, entire global economy is melting.
-YT