Iranâ??s shakey economy braces for UN punishment

TEHERAN, Iran - Iran increasingly finds itself in economic limbo as the international community mulls how it will respond to Teheranâ??s refusal to stop enriching uranium. Under threat of potential UN Security Council sanctions, Iranian businessmen and merchants complain of sluggish trade, lost investment opportunities and foreign capital flight. They blame their woes on the brewing nuclear crisis.


â??The market is stagnant. Buyers canâ??t pay for the material theyâ??ve purchased and their checks often bounce because of lack of funds,â?� said Amir Jazayeri, an iron trader.

He said that since President Mahmoud Ahmadinejad came to power, his business has slowed as compared to the days of the Iranian leaderâ??s moderate predecessor, Mohammad Khatami. Businessmen, he says, are shying away from investing in Iran during this period of deep uncertainty.

â??It was not brisk business during Khatamiâ??s era, but the market was not so bad. There has been a clear economic recession since tensions rose over Iranâ??s nuclear activities beginning last summer. It has gotten worse in the past two months,â?� he said.
http://www.khaleejtimes.com/DisplayA...ion=middleeast

Iranians love their president....unless you talk about the fall in the economy. But that doesn't matter I guess...just as long as they get their nukes!:cool: