Iran Economy NewsIran: Unprecedented stagnation

Iran: Unprecedented stagnation

-

Iran Focus

Tehran, 19 May – Iran’s President Hassan Rouhani is encouraging foreign investors to return to Iran. Rouhani’s government claims that it has revived Iran’s economy in the wake of the Joint Comprehensive Plan of Action (JCPOA). However, a leading Iranian newspaper argues that Iran first needs to address issues of systemic corruption.

The Arman daily, a newspaper that is close to President Rouhani’s government, recently referred to the critical state of the country’s economy in its editorial page and alluded to unprecedented stagnation and prevalent corruption in every institution of the country.

“The economic situation is a great challenge that the government faces. Thus, the priority for the government should be economic issues”, Arman reported on 11 May, adding that “the current stagnation is an unprecedented one”.

The editorial called on Rouhani’s government to “uproot corruption that is prevalent in all structures of the country” and noted: “The fact is that, without reducing corruption, we cannot attract the general trust of domestic or foreign investors”.

“Due to various reasons, including a reduction in incomes, the government has failed to adopt substantial measures to overcome stagnation in the economic realm despite the agreement reached”.

“To overcome the present financial crisis, it seems a change in the cabinet is warranted, but no decision has yet been made”, the editorial concludes.

Latest news

Execution of a Political Prisoner at Qezel Hesar Prison

Early this morning, Wednesday, Aref Khoshkar, a political prisoner and one of those arrested during the nationwide protests of...

U.S. Freezes $130 Million in Iranian Regime Digital Assets

The U.S. Department of the Treasury announced a new round of sanctions targeting the digital assets of the Iranian...

The War Between the United States and Iran’s Regime Enters More Complex Phase

As the military confrontation between the United States and the Iranian regime expands, new developments have emerged on the...

Iran’s Regime Issues Death and Prison Sentences in Cases Related to War Period and January Protests

Tehran Prosecutor Ali Salehi announced that all cases related to the 12-day war, the recent war with the United...

U.S. Defense Sec: Baghdad Must Disarm Militias Aligned with the Iranian Regime

U.S. Secretary of Defense Pete Hegseth announced on Tuesday, July 14, that during his meeting with Iraqi Prime Minister...

Warning Over the Imminent Execution of Political Prisoner Aref Khoshkar in Iran

Following the transfer of political prisoner Aref Khoshkar, who has been sentenced to death, to a solitary confinement cell...

Must read

Blair denies appeasing Iran with call for regional engagement

Bloomberg : Prime Minister Tony Blair denied he is...

Iran militia murder baker for calling Supreme Leader a dog

Iran Focus: Isfahan, Aug. 02 – From the Grapevine......

You might also likeRELATED
Recommended to you