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Afghanistan GDP may slump 20%, currency may slide further: Fitch Solutions

"It is likely that the economy will contract sharply this year," Anwita Basu, head of Asia Country Risk at Fitch Solutions

Topics
Afghanistan | Taliban | GDP

Reuters 

Taliban fighters patrol in Wazir Akbar Khan neighbourhood in the city of Kabul, Afghanistan, Wednesday, Aug. 18, 2021. AP/PTI
FILE PIC: Taliban fighters patrol in Wazir Akbar Khan neighbourhood in the city of Kabul, Afghanistan, Wednesday, Aug. 18, 2021. AP/PTI

Afghanistan's 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, Solutions said on Friday.

"It is likely that the will contract sharply this year," Anwita Basu, head of Asia Country Risk at Solutions - the analysis and research arm of 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 too."

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, August 21 2021. 01:32 IST
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