Iran’s economic policies lacking vision

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.