![\"iran-faces-worst-economic-recession-400\"](\"https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/sites\/2\/2016\/05\/iran-faces-worst-economic-recession-400.jpg\" "\\"iran-faces-worst-economic-recession-400\\"")
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NCRI – In an editorial on Monday, June 13, the state-run Resalat newspaper admitted the dire economic situation of the Iranian regime.<\/p>\n
Referring to the closure of factories and manufacturing units, the newspaper wrote: \u201cThe closure of ARJ factory after 60 years of economic work sounded the alarm bells in the business environment. Every day, dozens of bad news stories are released about the closure of production units. More than 7000 production units in industrial cities have recently been closed. Expensiveness has increased the concerns.\u201d<\/p>\n
Admitting that Iran\u2019s economy today is in stagflation, the newspaper wrote: \u201cIndexes indicate a bad business situation. Stagflation means the prices go up, and the unemployment rate increases alongside. The country\u2019s official statistics confirm this phenomenon. A collection of evidence shows that Iran’s economy has been in stagflation since 2011 and that this situation has been exacerbated since 2012.\u201d<\/p>\n
Regarding the economic policies of the government of mullah Hassan Rouhani, the newspaper wrote: \u201cThe government\u2019s economic policies have increased the inflation rate and destroyed the business environment. Iran’s rank regarding ease of doing business gets worse every year.\u201d<\/p>\n
\u201cProduction is costly and not profitable now, and most importantly, it has become non-competitive. Naturally, this process reduces the economic growth. Iran ranked 140 in terms of bankruptcy and termination of commercial activity. Last year the figure was 137.\u201d<\/p>\n
This data has emerged in spite of the fact that the regime\u2019s President Rouhani had promised in his election campaign to improve the country\u2019s economic situation in 100 days.<\/p>\n
\u201cEconomic freedom is one of the indicators of an improved business environment. Statistics show that our situation is not appropriate in this field. Economic freedom rank was dropped in 2014,\u201d the newspaper wrote. \u201cWhen you talk to each and every entrepreneur, they say we are not protected, our taxes are unfair, the market is stagnant, there is no oversight of brokers, bank loans have broken our back, we cannot compete with contraband, and excessive imports have messed up all equations. They say laws are run according to taste and there is discrimination and injustice. Blackmail and bribe by government officials leave no energy for production,\u201d the article continued.<\/p>\n
\u201cLack of legal protection and lack of legal security, lack of cooperation by government agencies in providing facilities, and obstruction in obtaining licenses are among the obstacles of improving business in Iran and the government has so far failed to remove the obstacles the producers are facing.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
NCRI – In an editorial on Monday, June 13, the state-run Resalat newspaper admitted the dire economic situation of the Iranian regime. Referring to the closure of factories and manufacturing […]<\/p>\n","protected":false},"author":2,"featured_media":46004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[175],"class_list":{"0":"post-20535","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-updated"},"yoast_head":"\n