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Iran economy faces 25% deeper contraction amid soaring inflation, major employment crisis

Iran’s struggling economy could see as many as 1.4 million people leave the labor market by the end of the Iranian calendar year if the pattern of economic contraction continues, Seyed Malek Hosseini, deputy for entrepreneurship and employment in Iran's Cooperatives, Labor and Social Welfare Ministry, warned in an interview with the Iranian Labor News Agency earlier this week. [...]