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UNDP Predicts 9% Downturn in Afghanistan’s Economy

29 Jul 2020 The Killid Group

The U.N.D.P published the “Socio-economic Impact of COVID-19 on Afghanistan” yesterday which is the second note of a series of Country Notes that examine the likely effects of the corona virus outbreak in Afghanistan in general and implications on Afghanistan Sustainable Development Goals (A-SDGs) in particular. In the note, the UN agency in Afghanistan predicted that Afghanistan will see a 9% drop in economic growth, whereas in the pre-coronavirus era, it was predicted that country’s economy will grow by 3%. The country with the already-fragile economy is also predicted to see 13% increase in poverty rate—from 55% to 68%. “Socio-economic cost of the pandemic in Afghanistan largely exceeds the health care cost,” the report further read. It urged the Afghan government “to finance social protection measures made necessary regarding livelihoods that are lost; families also bear costs of care, transport, isolation of family members who may have been in contact with confirmed cases,” according to the note. As the coronavirus pandemic continues to spread throughout the globe, countries around the world, including Afghanistan see economic collapse. The post UNDP Predicts 9% Downturn in Afghanistan’s Economy appeared first on The Killid Group.

Original Link: http://tkg.af/english/2020/07/29/undp-predicts-9-downturn-in-afghanistans-economy/

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