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

Iran’s Regime Very Close to Producing Nuclear Bombs, IAEA Director Warns

Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), told Germany's state-run network ARD television network in...

Iranian Women’s Resistance: Beyond the Veil of Hijab Enforcement

These days streets and alleys of Iran are witnessing the harassment and persecution of women by police patrols under...

Fabricated Statistics in Iran’s Economy

While Iranian regime President Ebrahim Raisi and the government's economic team accuse critics of ignorance and fabricating statistics, Farshad...

Iran’s Teachers Working at Low Wages and Without Insurance

While pressures on teachers' activists by the Iranian regime continue, the regime’s Ham-Mihan newspaper has published a report examining...

House Rent Prices at Record High in Iran

After claims by Ehsan Khandouzi, the Minister of Economy of the Iranian regime, regarding the government's optimal performance in...

Why Nurses in Iran Migrate or Commit Suicide

This year, the issue of suicide among Iran's healthcare personnel resurfaced with the death of a young cardiac specialist...

Must read

Vladimir Putin set to bait US with nuclear aid for Tehran

Sunday Times: Russia is considering increasing its assistance to...

No end seen to Iran’s support of Hizbollah

Reuters: Britain has little confidence that Iran will stop...

You might also likeRELATED
Recommended to you