Masoud Nili, who was speaking in Iran’s IRIB Channel 1 Payesh (Persian for ‘survey’) yesterday, said that in economy, there were no magic and deadlock.
Nili commented on the government’s support package to find a way out of the inflationary recession. “The national incomes have declined 20 per cent in recent 2 years; when compared to market exchange rate, monetary base, and price index in 2005, they show rises as 3.5, 5.5, and 4.5 times, respectively, in 2013; while at the same period, the production increased only 20 per cent, and the number of employed people declined as well,” said Nili.
