Skip to main content

Iran’s economic policies lacking vision

Efforts to conceive and execute a coherent economic policy were never going to be easy, but six months into the Raisi administration, the task is growing harder because of internal disagreements over both philosophy and bureaucratic turf.
Iraq economy

Iranian President Ebrahim Raisi has been in office for almost six months, and addressing the economic ills of the country has certainly been the government’s top priority. However, drafting appropriate policies is only one piece of a complex puzzle to improve economic conditions.

Many experts agree that one problem is the lack of a clear economic doctrine. While criticizing the era of former President Hassan Rouhani, the hardline supporters of President Raisi believed that rejecting the previous government’s “neo-liberal economic policies” would suffice as a strategy. When the Raisi cabinet took shape, top officials announced a number of populist policies such as containing inflation, creating jobs and constructing social housing.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.