Raisi’s proposed economic policy plan for Iran doesn’t make sense IranSource by Ebad Ebadi
A supporter of Ebrahim Raisi displays his portrait during a celebratory rally for his presidential election victory in Tehran, Iran June 19, 2021. Via Reuters.
The June 18 Iranian election, in which Judiciary Chief Ebrahim Raisi was selected as president, had the lowest turnout since the 1979 revolution. The biggest challenge Raisi will face in his first term is the growing economic problems of the country.
After the US withdrawal from the Iran nuclear deal in 2018, the Iranian economy has deteriorated over the past three years. GDP growth rate dropped by 6 percent in 2018 and 6.8 percent in 2019, while the inflation rate increased to 34.6 percent and 36.5 percent in 2018 and 2019, respectively. Much of the GDP decrease was associated with the huge drop in oil exports: $62.7 billion in 2018 t