Monday 28 April 2014

Rouhani honeymoon over as Iran’s economy bites | GulfNews.com

Rouhani honeymoon over as Iran’s economy bites | GulfNews.com:



"Iran’s President Hassan Rouhani was elected on hopes that he could revive the country’s sanctions-neutered economy, but the public’s goodwill towards him is showing the first signs of fading.



Having raised expectations of more moderate rule and wider engagement after eight years under the acerbic leadership of Mahmoud Ahmadinejad, Rouhani has established a cautious détente with the West since taking power last August.



At home he has started to slow the inflation rate that stemmed from his predecessor’s spending programmes which, though meant to keep the economy going as Iran became more isolated because of sanctions, ultimately deepened its difficulties."



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