Tehran, Iran, Oct. 5
By Mehdi Sepahvand -- Trend:
An Iranian MP says the fact that four government ministers have written President Hassan Rouhani a letter warning him of an impending economic crisis is no big deal.
"They have just recommended a few points for economic prosperity," Mohammad Hossein Mirmohammadi told Trend Oct. 5.
"It is natural that from time to time officials must remind higher authorities of points that need change."
He further said he believes that the Rouhani administration is totally able to make necessary changes in order to curb inflation and handle economic growth rate to prevent the bad conditions.
Four Iranian government ministers have broken ranks to warn of a possible economic crisis because of the plunge in prices of oil and other commodities, underlining the country's patchy recovery.
In a letter sent to President Hassan Rouhani that was published by newspapers Oct. 5, the ministers of economy, industry, labor and defense said "incompatible" policies were causing harm.
"If urgent action is not taken, stagnation could turn into crisis," the letter said, noting that capital was in short supply because of falling income from sales of oil, metals and minerals.
Rouhani's government in its first two years has prioritized tackling inflation, which spiked when money was printed after international sanctions were imposed because of Iran 's nuclear program.
After years of recession, Iran 's economy grew by 3 percent last year, but with 25 percent of graduates unemployed and inflation still high, the recovery remains vulnerable.
Edited by CN