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The warning of the Iranian economist: the petrochemicals are on the verge of closure; A wave of unemployment is coming.

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jamarannews · · Source

🇮🇷 Iran · Map

The warning of the Iranian economist: the petrochemicals are on the verge of closure; A wave of unemployment is coming.

Mohammad Mehdi Bakhish, an economist, warned that the increase in trade restrictions and disruptions in exports and imports have brought Iranian industries to the point of stopping production.

According to Ekthez News, Bakhish announced: the warehouses of many petrochemical units are full due to the inability to export, and some factories, according to the information he received, operate at a capacity of only 10%; A situation that may lead to a complete shutdown of the production lines.

He warned that semi-closed factories would be able to pay salaries to workers for one to two months at most, after which a massive wave of layoffs would begin.

Bakhish also announced the possibility of worsening the shortage of pharmaceutical raw materials, basic products and inputs for animals and saw the increase in inflation and the recession as the results of this situation.

Stressing the need to quickly reach an agreement to lift the restrictions, this economist said: The flood of unemployment could have very worrying social consequences.

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