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Satire: Afghan economy "heading into recession"

By Keith Ng
Far South Economic Review

Kabul, 8 October 2001 - The Afghan stock market was sent reeling after the attacks on multiple cities in the country by US forces. Panic selling ensued as the market reached its lowest point since the Soviet occupation.

Airlines were among the hardest hit as major airports were destroyed, and mass layoffs looks likely.

Sports fixtures were cancelled, and many Afghanis chose to stay home rather than partake in their regular leisure activities.

Although officials admit that the situation looks grim, and that Afghanistan may be "heading towards a period of economic recession", economists predict that the standard of living and the GDP per capita - currently at US$800 a year - "shouldn't fall too much".

Keith Ng, Far South Economic Review


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