Fitch expects Afghanistan’s GDP to shrink by 9.7% this financial year

Fitch expects Afghanistan’s GDP to shrink by 9.7% this financial year
# 02 September 2021 19:11 (UTC +04:00)

Afghanistan’s economy is likely to collapse following the rapid withdrawal of U.S. forces and the Taliban’s come to power, Fitch Solutions said in a report, APA-Economics reports.

Fitch now expects the country’s real gross domestic product (GDP) to shrink by 9.7% this financial year, with a further drop of 5.2% seen next year. It had previously forecast growth of 0.4% for this year.

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