Afghanistan is enduring a severe economic downturn driven by a cascade of interrelated crises. Years of political instability, disrupted international aid flows, and restrictions on banking operations have combined to weaken the nation’s financial foundations. The withdrawal of foreign support has led to a sharp contraction in public spending, while inflation continues to erode household purchasing power. According to recent reports, nearly 20 million people are now facing acute food insecurity, highlighting the humanitarian dimension of the economic collapse. The disruption of formal banking channels has further limited access to salaries and savings, affecting both individuals and small enterprises. Despite some resilience in local markets and remittance inflows from abroad, the overall economic outlook remains bleak. Experts warn that without coordinated international assistance and structural reforms, recovery will remain out of reach for the foreseeable future.
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The ‘Economic Storm’ of Crises That Is Battering Afghanistan The New York Times