Iran’s Economic Crisis Worsens as Regime Officials Continue to Make Hollow Promises
Experts and official media in Iran speak on a regular basis about the country’s dismal economic status, with many companies being insolvent or on the verge of collapse. On March 8, the state-run daily Jahan-e Sanat claimed that 110 steel plants have closed, resulting in the loss of roughly 25,000 employments, despite the fact that these companies generated about six million tons of steel annually.”The size of the collapse or negative growth of Iran’s industrial production was almost double the reduction in GDP growth,
“He called Iran’s current employment scenario “very unproductive and precarious.”
On March 11, the state-run website Defah-e Moghadas quoted Mazandaran’s governor-general as saying, “Mazandaran industry is on the edge of collapse, and despite repeated investments, we still haven’t been able to improve the province’s industry sector.”
The regime’s answer to the country’s industrial sector’s wounds, on the other hand, is nothing more than a set of hollow prescriptions. This is comparable to regime president Ebrahim Raisi’s eight-article order to his Minister of Industry to improve the country’s car industry’s status by increasing production by at least 50%. Something that even the regime’s experts mocked.
This is similar to the regime’s empty pledge to build a million houses in a year. “The cases that Mr. Raisi has set up cause friction when they encounter each other,” Hojatollah Firouzi, a member of the regime’s Parliamentary Committee on Industries and Mines, was quoted as saying by the state-run news agency on March 6. The President’s strategies are at odds with one another.”
“Currently, the automobile industry, like many other industries, is experiencing the difficulty of product circulation and surely does not have the desired quality,” the state-run website Eghtesad-e Gardan said on March 6 in relation to the volume of domestic car manufacture. Nothing can be done to help the car sector in its current state. For the past ten years, the industry has been losing money, and capital is fleeing domestic production, causing increased depreciation in the production lines.”
The scenario is similar in the textile and garment industries. Because the expenses of production in this industry are significantly greater than in adjacent countries. There is no adequate planning by the dictatorship, and the industry is run without a strategy.
This is due to extensive corruption inside the regime, rather than a lack of experience or operational flaws.
“We have made incorrect decisions in the country in the past, but no one has been convicted,” Waez Ashtiani, the regime’s former Deputy Minister of Industry, Mine, and Trade, said on December 22, 2021, according to the state-run daily Arman. The thirteenth government should not make policies that put the country’s economy in jeopardy. Due to a lack of a plan and strategy in the past, the management team has caused challenges for the country. The country would confront tremendous hurdles if Mr. Raisi’s management team lacks a plan and strategy, and inexperienced and ignorant people are present insensitive and vital areas.”