Why Iran is Finding it Hard to Create Jobs

By John Lee.

A report this morning from The Economist says that although Iran’s GDP is set to grow about 4.5 percent this year, up from 0.4 percent in 2015, unemployment has increased from 10.7 percent to 12.2 percent.

Increased oil exports have been achieved largely by soaking up existing capacity, while the resulting influx of foreign currency has still failed to create jobs in this capital-rich sector.

Iran’s economy remains dominated by public and semi-public enterprises, with small- and medium-sized enterprises (SMEs) struggling to emerge.

The full report can be read here.

(Source: The Economist)

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