Speaking in a presser, Khandouzi said that some rumors on the government’s decisions do not come true and the government has tried to make ineffective the impact of rumors but admitted that recent unrests in the country increases this negative outlook on the economy.

He noted that in recent months the growth in the production industries has improved from negative 5.8% to positive 6.7%.

He added that agriculture is in better situation now despite negative economic growth in the sector.

He said: “Although the economic growth of agriculture sector is negative, we are in a better situation compared to what it used to be.”

He further added that the monthly inflation of this sector has also decreased.

He also stated: “In recent months, there was an inappropriate trend in the growth of the country’s large industries. The growth of these industries have now improved and reached plus 6.7 percent. The largest increase in production is related to the automotive parts industry.”

Speaking about the formation of the inflation monitoring committee, Iranian Economic Affairs and Finance Minister stressed: “Controlling inflation is the government’s priority in the country because we had 4 years of inflation and that is why the existence of this committee is the right thing.”

Khandouzi stated: “President Raisi will be also provided with a report in this regard on a weekly basis.”

He went on to say: “The stability and prospects of the capital market have always been important for the government.”

The post Recent Unrests Have Negative Effect on Capital Market Outlook appeared first on Iran News Daily.

“Any attempt to mess up Hong Kong, or even damage its prosperity and stability, will not succeed,” Mr. Wang told reporters after he met Japanese Prime Minister Shinzo Abe in Tokyo.

Hong Kong’s pro-democracy camp was headed for a thumping victory in district council elections, local media reported on Monday, a vote widely seen as a referendum on the Beijing-backed government’s handling of months of violent political unrest.

Counting was still under way following record turnout in Sunday’s elections, but results so far indicated that candidates favoring calls for greater democracy were on course to seize a shock majority of the 452 seats contested, media reports said, AFP reported.

District councils – which handle community-level concerns such as bus routes and garbage collection – have long been dominated by the pro-Beijing establishment.

The pro-democracy camp hopes weakening that grip would send a message to China and Hong Kong’s unpopular leader Carrie Lam.

Hong Kong has endured months of mass rallies and violent clashes pitting police against protesters who are mobilized by fears that Beijing is whittling away at the semi-autonomous territory’s freedoms, which are unique for China.

Their demands include direct popular elections and a probe into alleged police brutality against demonstrators.

The post Hong Kong Part of China, Election Makes No Difference appeared first on Iran News Daily.