Iranian President Hassan Rohani has declared that his administration will make every effort to improve the standard of living of the people in his first 100 days in office. He has also has pledged to fight rampant inflation and unemployment, both of which threaten to further destabilize the country’s fragile economy.
Mr Rohani has inherited a country whose economy has been battered by international sanctions which have targeted Iran’s key oil sector, restricting oil exports and access to foreign exchange (MEES, 9 August). Iran’s real GDP fell 1.9% in 2012 and is projected to fall by a further 1.3% in 2013, before rising 1.1% in 2014, according to the IMF’s World Economic Outlook. (CONTINUED - 749 WORDS)