ISW: Iran' failure to address workers’ demands will likely fuel further economically motivated strikes and protests

World

11:00 | 02.05.2023

ISW: Iran' failure to address workers’ demands will likely fuel further economically motivated strikes and protests

Increasingly dire economic conditions in Iran require fundamental economic reform, not symbolic and superficial solutions, said the US Institute for the Study of War (ISW)

The Iranian rial depreciated to 556,500 rials to one US dollar on May 1, marking a nearly 10-percent reduction in the value of the rial in the past month. The Financial Times separately reported on May 1 that the Statistical Center of Iran has withheld publishing national inflation data for two months, possibly to conceal evidence of increasing prices. The Financial Times added that Iran’s inflation rate may have surpassed 49 percent, the highest ever recorded inflation rate in Iran, within the past two months.

According to ISW, the regime’s failure to address workers’ demands will likely fuel further economically motivated strikes and protests, which may in turn exacerbate Iran’s economic situation by disrupting production and economic transactions. Regime officials and employers have responded to workers’ demands for better living conditions with repression instead of empathy.

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