He faces a mountain of problems, including rampant inflation, diminishing revenues and foreign reserves, possible food shortages and new United States sanctions over the country's nuclear program.
Mr Rouhani has inherited a range of problems from his predecessor, Mahmoud Ahmadinejad, including high inflation, diminishing revenues and foreign reserves, possible food shortages, as well as sanctions.
With inflation always a powerful tonic for small caps in that accelerating inflation diminishes risk by letting them pass on rising costs and then some growth strong from 1974 through 1980 and starting with valuations near historic lows, small caps soared more than sevenfold.
The probability of an unwelcome fall in inflation has diminished in recent months and now appears almost equal to that of a rise in inflation.
Their statement changed yesterday, saying that "the probability of an unwelcome fall in inflation has diminished in recent months and now appears almost equal to that of a rise in inflation".
But since then, the sharp fall in commodity prices and the consequently more benign prospects for food and services inflation, as well as the substantial weakening in demand, imply that the upside risks to inflation have diminished significantly".
And the primacy of the inflation mandate diminished the status of the bank's financial-stability wing.
The Fed's statement found that core inflation had diminished, although there were upward pressures from "elevated energy and commodity prices".
The European Central Bank "is expected to step back at its September policy meeting from indicating that a further interest rate rise is likely this year," acknowledging that "the downside risks to growth have increased while the upside risks to inflation have diminished," said Howard Archer, chief European economist at IHS Global Insight in London.
Since your payments don't begin for many years, perhaps even decades, inflation can diminish your future payments' purchasing power.
If Mr. Clinton could show Wall Street that he was intent on getting the deficit under control, Mr. Greenspan told him, investors would conclude that the threat of inflation was diminishing, and they would put downward pressure on long-term interest rates.
