December 1, 2021
1 min read

‘Afghan GDP likely to drop 20%’

The UN body also warned that failing to invest in half of the country’s human capital, girls’ education, will have dire socio-economic consequences for years to come…reports Asian Lite News

 Afghanistan’s gross domestic product (GDP) likely will drop from $20 billion to $16 billion within a year, a 20 per cent plunge, the UN Development Programme (UNDP) has projected.

The agency warned in its Socio-Economic Outlook for Afghanistan that the economic base for the poorest country in Asia has long been, too, small to support its population of 40 million, Xinhua news agency reported.

“This new socio-economic assessment on Afghanistan estimates that restricting women from working could result in an immediate economic loss of up to $1 billion, or up to 5 per cent of the country’s GDP,” said UNDP Administrator Achim Steiner.

Experts call on int’l community to address Af’s humanitarian crisis

The UN body also warned that failing to invest in half of the country’s human capital, girls’ education, will have dire socio-economic consequences for years to come.

The economic modeling by UNDP and independent economists for the outlook indicated that with falling incomes and a growing population, it could take $2 billion to lift the incomes of all people in extreme poverty to the poverty line.

ALSO READ: UN scales up winter aid in Afghanistan

Previous Story

‘No fear of failure’ is my strength in career

Next Story

Ranveer feels honoured to be part of iconic ‘83’

Latest from -Top News

India Tightens Checks on Chinese Imports

India has ramped up monitoring of Chinese imports amid growing concerns of cheap goods being redirected into the Indian market following the United States’ steep tariff hike on Chinese exports. Commerce Secretary

Economists Warn of Impending US Recession

Leading global brokerages and economists are sounding alarm bells over the likelihood of a US recession, following the Donald Trump administration’s announcement of sweeping reciprocal tariffs on foreign imports. JPMorgan Chase &

Trump tariffs send world markets into panic

US benchmark crude oil shed $2.70 to $64.25 a barrel after major oil producers announced they plan to increase production. Brent crude, the international standard, was down $2.63 at $67.51 a barrel
Go toTop

Don't Miss

Afghan women stage protest in Kabul against Taliban policies

The protest was arranged in reaction to the closure of

Forced displacement fuels human trafficking: Afghan envoy

The permanent representative of Afghanistan in Geneva has warned that