Today: 6 May 2025
1 December 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

Simple yoga poses to improve spinal health

Next Story

Ranveer feels honoured to be part of iconic ‘83’

Latest from -Top News

UAE Reopens Doors to Lebanon

The prime minister expressed Lebanon’s “utmost gratitude and appreciation to the UAE” and President Sheikh Mohamed bin Zayed Al Nahyan….reports Asian Lite News Lebanon welcomed the decision by the United Arab Emirates

SYRIA RAIDS: Arab League Slams Israel

The Arab League condemned the airstrikes and called on the international community and the United Nations to confront what it described as “repeated violations committed by Israel against the Syrian state.” The

India Rises, Africa Watches 

While struggling economies in Africa engulf themselves in ideological battles and take sides in the tariff battles, nations like India are placing their national interest first and navigating Global Trade challenges in

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of
Go toTop

Don't Miss

India Urges Its Nationals To Leave Afghanistan

Indian companies operating out of Afghanistan are strongly advised to

Taliban Detain Afghan Warlord Ismail Khan As Herat Falls

The capture of Ismail Khan and Afghan government officials, including