Last week at the World Economic Forum in Davos, Switzerland, President Hassan Rouhani tried to persuade world business leaders to invest in Iran, especially in its hydrocarbon and automobile sectors.
The transition team of Iran’s President-elect Hassan Rouhani was busy last week lowering expectations for a quick economic recovery, saying that things are far worse than they had thought.
Talking to ordinary people in Neishabour and Tehran about Iran's Jun. 14 presidential election, economic issues seem foremost on their minds. But whom they will vote for is based more on vague promises to pull the economy out of its deep crisis than on well-defined economic programs.