GDP Growth In Afghanistan Down By 50 Percent

خبر ها - افغانستان

شنبه 29 حوت 1394 ساعت 19:03 آخرین به روز رسانی در شنبه 29 حوت 1394 ساعت 19:08 نوشته شده توسط Zabiullah Jahanmal

Translations pending.

Based on figures provided by the Central Statistics Organization, there has been a 50 percent decrease in Afghanistan's Gross Domestic Product (GDP) growth as compared with the past year.

Officials at the organization said the fall of the Afghani against foreign currencies has also led to a drop in the per capita income of the country.

Considering the economic downtu this year they said Afghanistan's GDP will be lower than one percent.

"You know that when income does not rise along with increase in population, then this can lead to a crisis. The current situation in Afghanistan is very dangerous," said Hasibullah Mowahed, the deputy head of the department.

He said that the govement should devise special plans to at least protect the gains of the past years.

Meanwhile, a number of economic analysts said that due to a 13 percent drop in the Afghani, against foreign currencies, the inflation rate in the country is on the rise.

"There are lots of problems and as we had little growth last year, so economic problems have increased dramatically and even the middle class of the country is poor and they don't have anything," said Mohammad Yunus Mohmand, the deputy chairman of the Afghanistan Chamber of Commerce and Industries (ACCI).

According to the Central Statistics Organization, income distribution inequality is 39 percent in Afghanistan and it means a large part of the wealth in the country is with a few people and a large number of people are hardly making ends meet.