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Afghanistan’s Growth Projected Down to 2.2% from 2.5%

29 Sep 2018 Wadsam Afghanistan Business News

In the recent report of the Asian Development Bank (ADB), Afghanistan’s economic growth for 2018 is revised downward amid the challenging security and political situations and the severe drought that hit the country in the first half of the year.

The economic growth is projected down from 2.5% to 2.2% due to insecurity, political instability and uncertainty before parliamentary elections and a decrease in crop production due to the worst drought.

Inflation is expected to be 3.5% in 2018, lower than the earlier forecasted 5%.

There was a notable increase in exports in 2018 as a result of expanded air connections with India. However, the current account surplus is forecast to narrow in 2018 because imports, which are 10 times exports, will grow faster than expected partly to bring in more food.

Parliamentary elections in October 2018 and presidential election in 2019 could cause businesses and investors  to pull back.

The post Afghanistan’s Growth Projected Down to 2.2% from 2.5% appeared first on Wadsam.

Original Link: http://wadsam.com/afghan-business-news/afghanistans-growth-projected-2-2-2-5/

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