Code: 1086823 A

The candidate for Iran's presidential election says the country's economic growth should reach above 5% to get out of the current economic crisis.

As a part of his election campaign, Abdolnasser Hemmati said in a special news talk show on national TV that the country's average economic growth was less than 2% for 16 years, which was not acceptable for a rich country.

The candidate said the government had engaged in productive investments but should only invest in infrastructure and not enter the private sector.

He noted that fiscal policy should provide economic stability so that production becomes profitable both short-term and long-term.

Hemmati said that if the sanctions were not lifted, the country's economic growth would be limited, adding that financial development required foreign markets and technology, but sanctions were the obstacle.

The candidate for the 13th round of the presidential election also criticized the improper printing of banknotes by the Central Bank at the government's request as the main cause of inflation.

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Iran’s economic growth
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