Fitch Solutions said on Friday that “Afghanistan’s economy could shrink by as much as 20 per cent this year and its currency may slide further than it already has following the Taliban’s takeover.”
“It is likely that the economy will contract sharply this year,” Anwita Basu, head of Asia Country Risk at Fitch Solutions – the analysis and research arm of Fitch Group – told Reuters. “Countries facing similar circumstances like Myanmar and Syria have seen their GDPs collapse by around 10-20%, which can’t be ruled out for Afghanistan too.”
Till then, the United Nations Development Programme (UNDP) has raised concerns over the ongoing distorted situation in Afghanistan after the Taliban captured the country after a brisk discussion.
“UNDP joins the call of millions of Afghans and others around the world for peace, respect for human rights, and access to development assistance for all in Afghanistan– irrespective of their gender, religion, ethnic background, professional affiliation or political beliefs,” UNDP averred in a statement.
The Taliban established their sudden take over across the country as U.S.-led forces went back, incidentally coinciding with what German Chancellor Angela Merkel on Saturday said was the “breathtaking collapse” of the Afghan army. Since the attack, thousands have gathered in the Kabul airport, to evacuate themselves to safer places. Western nations are therefore ramping up the evacuation pace to migrate the stranded people from Afghanistan.
