Afghanistan’s GDP To Improve To 3% In 2021: ADB

Kabul: In a forecast report released by the Asian Development Bank (ADB) on Wednesday, Afghanistan’s GDP growth will increase by 3% in 2021 and 4% in 2022 after the normalization of trade and economic activities

As per the Asia Development Outlook 2021 report, Afghanistan’s economic growth will continue to grow next year after a significant slowdown. In 2020, it was negative 5 percent due to the outbreak of the coronavirus pandemic and the persistence of violence and instability in the country.

Narendra Sangro, head of ADB in Afghanistan, said that the country experienced unprecedented economic turmoil in 2020 due to the above stated reasons which reduced remittances, trade and revenue.

Sangro added that by successfully implementing the vaccine program and improving the post-epidemic situation, Afghanistan could be on track to achieve economic growth this year and next, as businesses and economic activity are expected to return to normal.

+ posts

Leave a Reply

Your email address will not be published.

Latest from Newsfeed; Wednesday, April 28 2021