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Sanctions imposed by the United States on Iran will moderate economic growth in the Middle East and Africa in 2019.
The second round of US sanctions on Iran were imposed in November and will further intensify the country’s economic woes. The latest sanctions will target the Iranian energy and shipping sectors. Iran is the largest producer and consumer of gas in the MEA region, and the government will be under pressure to boost energy subsidies to prevent public unrest.
The Iranian economy is set to face a...
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