Over the next fortnight, the demonstrations turned political and spread beyond the markets and across the country, as people rallied against the Islamic regime. US sanctions, the fall of Iran's regional allies, a 12-day war with Israel and America, and the collapse of Iran's largest bank are among factors that experts say have pushed Iran's economy into freefall. "Eighty-five per cent of Iran's population are public employees and the government needs to pay their salaries," head of economy at the Centre for Middle East and Global Order, Dr Mahdi Ghodsi told the ABC.
Author: Bridget Rollason and Nassim Khadem
Published at: 2026-01-24 21:51:56
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