By John Foley
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
When Iranian President Hassan Rouhani was campaigning, he promised the country’s many ethnic minorities to expand the use of their languages. Rouhani recently signaled his intent to keep that promise, by appointing Iran’s first presidential aid for ethnic and religious minority affairs, acknowledging the country’s minority challenges.
President Vladimir Putin is generally fond of blaming the West for the ills besetting Russia. This week though, he admitted in his State of the Nation speech that the roots of Russia's sluggish economy may lie at home rather than abroad. The government expects the economy to expand a measly 1.4 percent this year (less than half of the growth the US is likely to see) and long-term growth estimates have been trimmed to 2.5 percent a year.
The outlook for emerging market economies over the next decade looks more challenging as long-term interest rates start to bottom out in the United States. Here is another complicating factor: ageing populations.