KABUL (Pajhwok): Following last year’s regime change, Afghanistan’s economy has been in significant decline, the World Bank said on Wednesday.
In its new Afghanistan Development Update, the World Bank noted a sharp fall in public spending, lower household incomes and reduced consumption.
As these factors caused aggregate demand to fall, disruptions in the payment system and supply constraints further hampered private sector activities.
Initially, the report said, amid economic contraction and widespread deprivation, many businesses were forced to close or . . .
