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In Iran, Hopes Fade for Surge in the Economy
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Worsening economic conditions in Iran in 2014. Inflation running at 32% and the government facing a cash shortage.
Faces in Iran as economic conditions deteriorate in 2014
03/20/2014
A program giving $12 a month to help the poorest Iranians will be wound down as Iran faces a cash shortage. Electricity prices are expected to increase by 90% in 2014. Inflation running at over 40%in 2013 is down to 32%. President Rouhani faces a economy in much worse shape than realized because of mismanagement under previous president Ahmadinejad. Only a small part of the sanctions have been relaxed in the nuclear agreement with western countries.
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