Iran's dire economic situation to end within 2 months, says VP

Business Materials 14 November 2018 15:48 (UTC +04:00)

Tehran, Iran, Nov.14


Private sector must play the key role in Iran's economy, said First Vice President Es'haq Jahangiri, adding that the inflamed economic conditions will be over in the next two months.

He emphasized on the need to provide employment opportunities for the youth.

“Young people must not worry about their jobs,” Jahangiri said during his trip to Khuzestan Province on November 13, according to Tasnim news agency.

Pointing to the people's expectations of the industrial sector to meet the domestic needs with high quality and affordability, he says the industrial sector is under the pressure of "the enemies" and must resist.

“The educated young and energetic manpower is the most important capacity of Iran. By relying on these capacities, our country is able to overcome problems,” he said.

Since May, when Trump took Washington out of the nuclear deal, prices of bread, cooking oil and other staples have soared and the value of the rial has plunged.