Former Iran central bank adviser warns UAE trade split may deepen contraction
A former adviser to Iran's central bank said the economy is not on the verge of collapse, but warned the UAE's decision to sever trade ties could deepen Iran's contraction to about 5% this year.
A former adviser to Iran's central bank pushed back against U.S.
President Donald Trump's claim that the country is on the brink of economic collapse, but warned that the United Arab Emirates' decision to sever trade ties could deepen Iran's contraction to about 5% this year. "We should be a little bit cautious about the view that the Iranian economy is simply on the verge of collapse," Mehrdad Sepahvand, a former economic adviser to the Central Bank of Iran, told CNBC's Dan Murphy on "Access Middle East" on Thursday.
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