Financial discipline ensures stability: Daily

Tehran, Dec 15, IRNA - Iran’s economy has been adversely affected in the last few years while thorny problems added insult to injury, noted an English-language paper on Monday. These problems can send the economy into a tailspin, although they also impact all economies. Nonetheless, their intensity has drawn considerable attention, added 'Iran Daily' in its Opinion column (pg 4). Political, social and economic developments influence economies, but their fallout differs from society to society. Unfortunately, Iran is among states whose economy is severely affected by such developments, noted the daily, adding that political developments of recent weeks have turned the spotlight on obstacles facing Iran’s economy. Iran and the P5+1 group of world powers extended their nuclear talks until June 2015 after the November 24 deadline ended, which did not sit well with the national economy, it said. Consequently, Iran’s economy experienced alarming fluctuations. In other words, the psychological impact of the extension marred economic stability that had prevailed since President Hassan Rouhani took office in August 2013, it noted, praising the present government's ability to manage to curb the trend and restore stability in a short period of time. Besides, the adoption of monetary and financial discipline positively influenced the economic indices, which will prevail in future, concluded the paper./end