Afghanistan’s economy to grow by 2.5%: ADB reports

by Wadsam | April 26, 2017 9:38 pm

According to a recent report released by the Asian Development Bank (ADB), Afghanistan’s economy is expected to grow by 2.5% this year.

The report says Afghanistan’s economy will see a boost this year due to favorable weather, improved domestic revenue collection and a modest recovery of the industrial sector.

The ADB officials further said that the inflation rate could increase by six percent.

Meanwhile, the Afghan Ministry of Economy (MoE) has predicted a 3.5% increase in the country’s economic growth for this year.

According to MoE officials, the agriculture sector will contribute 23% to the economy while the industrial sector and service sector will be over 21% and 51%, respectively.

Source URL: http://wadsam.com/afghan-business-news/afghanistans-economy-grow-2-5-adb-reports-232/