Iran GDP falls more than 10 percent in Mideast war: official statistics

Iran GDP falls more than 10 percent in Mideast war: official statistics. TEHRAN: Iran’s economy contracted by more than 10 percent during the Middle East war, which began with US-Israeli attacks in late February that unleashed turmoil and battered the Islamic republic’s economy. The country’s gross domestic product (GDP) shrank by 10.1 percent year-on-year from late March to late June, a period known in Iran as the first quarter of the Persian calendar, according to the Statistical Center of Iran on Sunday.