Iranian Wconomists worry about both Clinton and Trump

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News.

Iranian economists worry about both Clinton and Trump

Among all the US presidential candidates, the Democratic contender Bernie Sanders was certainly a favorite of the Islamic Republic of Iran, the prominent Iranian economist Fariborz Raisdana told Al-Monitor. Sanders — who declared on Jan. 17 that America had to “normalize relations” with Iran — is now out of the race, however, with Hillary Clinton the presumptive Democratic nominee.

Neither of the two remaining contenders, the other being the Republican nominee, Donald Trump, is likely to mean a boost for Iran’s faltering economy, said Raisdana.

“As far as economic issues are concerned, America will act only within the framework of capitalism, regardless of who is going to be [the next] president,” the socialist economist and university professor told Al-Monitor. He added that there is an “ongoing negative approach” toward Tehran in Washington that won’t change despite recent political developments in Iran that have seen pro-Western Reformists and moderates gain a stronger position in parliament.

In the best-case scenario, Raisdana said, the United States could export capital to Iran, but that would be insufficient because the Iranian economy is suffering from “injustice, high inflation and high unemployment.” In his view, neither Clinton nor Trump will have a “positive impact” on Iran’s economy.

Clinton, who claimed that she was the only adult in the presidential race when it comes to foreign policy, announced in January that her approach toward Iran would be to “distrust and verify.” She, however, welcomed full implementation of the 2015 Joint Comprehensive Plan of Action (JCPOA), a major part of which focuses on lifting economic sanctions on Iran. Clinton described the landmark nuclear deal as an important achievement of diplomacy “backed by pressure,” referring to her effort to intensify sanctions on Iran.

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