Three charts show economic challenges for Iran’s new President
Published 19 Jun,2021 via Bloomberg Markets - President-elect Ebrahim Raisi -- a hardliner broadly hostile to the West -- has vowed to improve Iran’s economy and raise living standards for families by focusing on the country’s domestic resources, trade ties with regional allies, and strengthening industrial output.
He’s said he’ll preserve the nuclear deal that world powers are rushing to rescue during moderate President Hassan Rouhani’s remaining weeks in office, but has also said he doesn’t believe it should be a central concern for the country.
With or without better ties with the world, Raisi faces huge challenges as tough U.S. sanctions remain in place and Iran’s banks are isolated from much of the global economy.
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Golnar Motevalli