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The World Bank notes that Iran's economy grew by 3.8 percent in 2017. This growth slowed compared to 2016, which reached 13.4 percent, the highest since 1991. Citing Kompas.com, the decline in Iran's economic growth is a result of the economic embargo imposed by the United States (US).
Iran's economy has experienced recession for decades since the American embargo in the 1980s. Iran's economic growth is recorded to have plummeted to -27.5 percent in 1980. However, Iran gradually adapted to the post-embargo economic crisis, achieving 27.21 percent growth in 1982.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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