Iran president boasts of “miracle”

 Iran's President Rouhani addresses rally on the 36th anniversary of Islamic Revolution.

Iran’s President Rouhani addresses rally on the 36th anniversary of Islamic Revolution.

TEHRAN Feb 23(Shana)–Iran’s president has prided on his administration’s success in cutting the inflation rate to below 16% from above 40%, saying it has performed a miracle.

“Economically speaking, as domestic and foreign opinion-makers have written to me, it has been like a miracle,” Hassan Rouhani said.

He said he has lived up to his promise to slash the runaway inflation rate which soared past 40% under his predecessor Mahmoud Ahmadinejad.

Rouhani also said that his administration saved the shrinking economy to register 4% economic growth during the first half of the current calendar year which started last March.