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Covid-19: Afghanistan’s GDP to shrink this year

· 2 min read · 268 views

KABUL’s economic growth is projected to decline sharply in 2020 as a result of coronavirus disease pandemic and continued security and political challenges, the Asian Development Bank (ADB) said in a report released on Tuesday.

In an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2020, the ADB forecasts Afghanistan’s gross domestic product (GDP) to contract by 5.0% in 2020—a significant downward revision from the ADO 2020 forecast released in April.

However, GDP growth is expected to rebound to . . .

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