Four Major Economic Challenges

Four major challenges in Iran and many other countries have the potential of turning into a Gordian knot in the coming months if left unsolved, so much so that even the World Bank has warned about a possible return to the 1970s stagflation, said president of Tehran Chamber of Commerce, Industries, Mines and Agriculture. 
In an article for the Persian economic daily Donya-e-Eqtesad, Masoud Khansari added that the world has been buffeted by a series of crises over the past few months. 
“The Covid-19 pandemic, the war in Ukraine, inflation and shortage of food [particularly essential commodities such as wheat, corn and edible oil], fuel price hike and the acceleration of climate change impacts and global drought are among dramatic challenges facing the world. Our country is hit with a double-whammy of sanctions and economic mismanagement to boot,” he added.