World Economy

Afghans Concerned Over Worsening Economy

Afghans Concerned Over Worsening EconomyAfghans Concerned Over Worsening Economy

The majority of the Afghans are more concerned regarding deteriorating economic situation in the country and believe the economic fall is more dangerous than the Taliban-led insurgency.

According to a new Gallup poll, Afghans are not very optimistic about their economic future as the economic fall remained persistent during the year 2014 with the percentage of Afghans who saw economic conditions getting better sank to a record-low 6%, Khaama Press reported Friday.

The report further states that two out of three say economic prospects are about to get worse, and fewer than one in five think it’s a good time to get a job.

“Repairing investor confidence will be key to sustainable growth in Afghanistan in 2015 and beyond, and will create private-sector jobs. With growth slowing in every sector of Afghanistan’s economy, from services and industries to agriculture, there are fewer jobs available for Afghans who were already grappling with high unemployment,” the report said.

“Afghans’ grim outlook on their economy illustrates that the Taliban are not the only threat to the country’s stability after NATO’s withdrawal,” Gallup analysts wrote in new poll report.

Citing the World Bank report, Gallup stated that from 2003 to 2012, Afghanistan’s annual GDP grew about 9 percent on average, hitting a peak of 14.4 percent in 2012. But it shrank to 3.7 percent in 2013 and just 1.5 percent last year.

The survey by Gallup was conducted between August 12 and September 18 2014 where 1,000 adults aged 15 and older were interviewed.