Iran's President Isn't Telling the Truth About Its Economy

For more than four decades the Iranian regime has mastered the art of lies and deception. But now they have a leader who has taken duplicity to a new level. In an address to a press conference at the end of August, Ebrahim Raisi, the Iranian president, assured 85 million hungry and impoverished Iranians that the nation’s economy is booming. Raisi, dubbed ‘The Butcher of Tehran’ for his notorious role as an executioner, boasted that economic indicators have grown and progressed in all fields. He claimed that inflation was plummeting and unemployment had fallen to 8.2%. President Raisi’s assertions appear to have been undermined by his own state-controlled media. The state-run Etemad newspaper reported soaring inflation for basic foodstuffs including poultry up by 203%, meat by 318%, cooking oil by 328%, pasta by 283%, sugar by 253%, yogurt by 307%, and eggs by 161%. Even applying tampered statistics utilized by the government, the current rate of inflation in Iran is 39.8%, while unemployment has risen to 9.7%, with youth unemployment at 16.2%.

 

Read Full Article »


Comment
Show comments Hide Comments


Related Articles

Market Overview
Search Stock Quotes