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This Article is From Apr 29, 2020

Six Million Iranians Might Lose Jobs Due to Pandemic, Study Says

(Bloomberg) -- As many as 6.43 million Iranians, or nearly 25% of the workforce, could lose their jobs due to the coronavirus outbreak, according to a study by the country's Parliament Research Center.

  • Minimum of 2.87 million jobs will be lost, study finds, citing latest official figures.
  • Non-oil dollar exports fell by nearly 30% in the four-week period beginning Feb. 20 from a year ago.
  • Exports fell by annual 7% in year-ended March 19.
  • Report projects sanctions-hit economy will shrink 7.5%-11% due to the virus, which has infected more than 93,000 people and killed over 5,000 in Iran.

©2020 Bloomberg L.P.

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