Iran’s Economy Reels: The Devastating Impact of Protracted Internet Blackouts

Tehran, Iran – Iran’s economic outlook appears increasingly grim more than three weeks after the start of what has become a widespread and debilitating internet shutdown. What began as a measure to quell protests has rapidly metastasized into a crippling blow for the nation’s already fragile economy, leaving countless individuals and businesses struggling to stay afloat.

For over three weeks, large swathes of Iran have experienced severe internet disruptions, ranging from complete blackouts to the throttling of international connections. This digital iron curtain has effectively isolated millions, cutting them off from vital online services, international markets, and even basic communication.

Businesses on the Brink

The impact on the business sector has been nothing short of catastrophic. Small and medium-sized enterprises (SMEs), many of which rely heavily on e-commerce, social media marketing, and online payment systems, have seen their operations grind to a halt. Online retailers can’t process orders, freelancers can’t connect with clients abroad, and tech startups, once a promising sector, are facing an existential crisis. The inability to conduct international transactions or even communicate reliably with overseas partners has severely impacted import/export activities, further choking trade and investment.

Individuals Caught in the Crossfire

Beyond businesses, ordinary citizens are bearing a heavy burden. Many Iranians depend on internet-based jobs, from ride-sharing services to online tutoring and content creation. These individuals have lost their livelihoods overnight, exacerbating economic hardship. Access to information, vital for education, healthcare, and daily life, has been severely restricted. Furthermore, the ability to send or receive money, pay bills, or access banking services online has become a daily struggle for millions.

A Bleak Economic Horizon

Economists warn that the long-term consequences of such a prolonged and pervasive internet shutdown will be severe. Beyond immediate revenue losses, the damage to Iran’s digital infrastructure, its reputation among international investors, and the stifling of innovation could take years, if not decades, to recover from. As the protests continue, so too does the economic pain, painting an increasingly bleak picture for Iran’s future.

Source: Original Article