Mon, 10 Jun 2013 11:30:00 GMT | By Reuters

Iran election hopefuls have no quick fix for economy

Spiralling prices and constricted spending power have left millions of Iranians struggling against a virulent combination of Western economic sanctions and poor fiscal management


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Iran election hopefuls have no quick fix for economy (© Reuters)

Dubai: If there is an issue at the core of Iran's presidential election next month, it is whether the next president can jump start the economy and ease the deep financial pressures facing the majority of Iranians.

Spiralling prices and constricted spending power have left millions of Iranians struggling against a virulent combination of Western economic sanctions and poor fiscal management.

The eight candidates are locked in a battle for voters over who could mend the economy, a much deeper problem than four years ago when urban masses disputed the election result and took to the streets in protest.

"With inflation and unemployment in an upwards spiral, the main concern of voters is bread and butter issues. The average Iranian voter is now 38 years old and primarily concerned with securing a livelihood," said Mohammad Shabani, an independent Iran analyst based in Britain.

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