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TEHRAN: Iran's economy could survive stricter sanctions imposed over
the nuclear programme but faces potentially greater perils from high
inflation and excessive spending on petrol imports, economists said.
Iran's heavily
oil-dependent economy has endured wide-ranging sanctions ever since
the 1979 Islamic revolution and economists doubt whether new
penalties imposed by the UN Security Council would strangle its
activity.
"Economic sanctions create problems, but the Iranian
economy has learned to circumvent them, especially through third
countries," said the chairman of the Atieh Group consultants, Bijan
Khajehpour.
"The main impact on the Iranian economy (of more
sanctions) will be the increased cost of certain imports," he said.
Sanctions such as
freeze the assets of regime officials or even limits on foreign
investment could be imposed after a UN deadline passes today for
Iran to halt sensitive uranium enrichment.
"More sanctions
would be serious but would not kill Iran's economy, which is capable
of rendering the sanctions unsuccessful," said prominent analyst
Saeed Laylaz.
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