Gallup International survey indicates 67% Afghans believe country is facing worst economic crises

Gallup International survey indicates 67% Afghans believe country is facing worst economic crises

Gallup International survey indicates 67% Afghans believe country is facing worst economic crises
Graphic by Gallup International

Gallup International survey indicates indicates 67% Afghans believe country is facing worst economic crises

Monitoring Desk: 67% Afghans believe that economy of war ridden country is facing worst crises and Taliban are not the only threat to the country but baseless economy is the biggest threat to the future of Afghan people.

According to Survey report published by Gallup International and written by Julie Ray, Afghanistan’s already stalled economy slowed even more in 2014, the percentage of Afghans who saw economic conditions getting better sank to a record-low 6%.

67% Afghans believe country is facing worst economic crises, reports Gallup International
Graphic by Gallup International

 

The survey report titled “Afghans’ Outlook on Economy” indicates that more than two in three Afghans say that economic conditions are getting worse.

With the U.S. and NATO combat mission ending only a few weeks ago, Afghans clearly have more questions than answers about what the future holds. Afghans are now the most discouraged they have been since 2008 about the economy and jobs; more are suffering; and the plurality think they will be worse off after the troops leave and that the Taliban will resurge.

Report says:

“The uncertainty surrounding the security transition and the elections stalemate in 2014 have certainly drained Afghans’ positivity about their economy. But even more problematic for a country whose economic growth has been largely reliant on international aid and spending, the situation has also spooked investors. After averaging real GDP growth of about 9% each year from 2003 to 2012, according to the World Bank, Afghanistan’s growth tumbled sharply to 3.7% in 2013 and slumped to a projected 1.5% in 2014.

Repairing investor confidence will be key to sustainable growth in Afghanistan in 2015 and beyond, but so will creating 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. In fact, from Afghans’ perspective, the job market has never been worse in the past seven years than it is now. Fewer than one in five (19%) Afghans say it is a good time to find a job where they live.

While the jobs outlook has generally been getting worse across Afghanistan since 2012, those living in the Central region, which includes the country’s capital, Kabul, and in the East are the most likely to be discouraged. Only 13% of Afghans living in these two regions say it is a good time to find a job. Afghans are more positive in all other regions, particularly the South, but the percentage saying it is a good time to find a job is still lower in those regions than even a few years ago.

67% Afghans believe country is facing worst economic crises, reports Gallup International
Graphic by Gallup International

This climate of uncertainty has fostered a crisis of hope that may prove as big an enemy to sustainable development and growth as any security threat. Afghanistan’s best chances of allaying foreign investor fears and stimulating the private sector may still lie with the leadership of new President Ashraf Ghani, but only if he can make progress on the “triangle of stability” — economy, security and human resources — that he outlined in his inaugural speech.