Monday 1 January 2018

Crisis of expectations: Iran protests mean economic dilemma for government

Crisis of expectations: Iran protests mean economic dilemma for government:

"Iran’s President Hassan Rouhani may have to step back from some of his core economic policies in the face of nationwide protests by tens of thousands of people frustrated by high unemployment and stagnant living standards.

The protests, during which at least 10 people have been killed, are fueled by disappointment that the lifting of sanctions on Iran in January 2016 has failed to deliver an economic boom.

Instead, the non-oil part of the economy has continued to struggle, with unemployment officially put at around 12.5 percent - in reality, much higher for Iran’s millions of young people - and inflation running at nearly 10 percent."



'via Blog this'

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