Iran Election Protests Foretell Economic Downturn

As hundreds of thousands of Iranians protest the results of the June 12 presidential election, businesspeople worry about instability—but they're nonetheless cheering quietly from the sidelines. After four years of rule by the mercurial Mahmoud Ahmadinejad, few in the Tehran business community have much good to say about the President. "I don't think this guy knows what he's going to do when he gets up in the morning," a former government official now working as an investment banker told me when I visited Tehran two months ago.

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