Iranian economists sound alarm - Daily Star

The Iranian economy is in trouble.

A group of 11 prominent Iranian economists issued a dire warning to the Islamic Republic's leadership Monday, complaining that political squabbling had left fundamental weaknesses in the economy ignored. ...

In an open letter carried in several national newspapers, the group of top university academics lashed out at what they said was a "society infected by politics" and policies dictated by "emotions and idealism regardless of their economic consequences." The professors also cautioned over continued "isolation in the international arena and blanket state administration in the manufacturing, industrial and service sectors."

Iran is also over-dependent on oil revenues and suffers from budget shortfalls, financial and administrative corruption, stubbornly high unemployment, lofty state subsidies, technological underdevelopment, smuggling and uncompetitive manufactured products, they said. more

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