Friday, June 11, 2010

Afghanistan’s Economy and Hamed Wardak


According to the World Bank, things are looking up for the economy of Afghanistan. Individuals such as Hamed Wardak, who work continuously toward the betterment of the quality of life for the people of Afghanistan, would be very happy to hear this news. For example, there has been an escalation of GDP between 2009-10, higher than ever since 2003, at a record 22.5%. As well, domestic revenues during the same time frame increased a staggering 53% from 2008-09. The production of wheat almost doubled compared to the last five years, and mining is booming. What will also please Afghan activists like Hamed Wardak and the Afghanistanian people is that inflation in the country is extremely low.

Afghanistan’s Economic Future and Hamed Wardak

Of course, current news on Afghanistan’s economy is all well and good, but those working for the continued betterment of the country want to know what the future looks like. Thankfully, the World Bank predicts that Afghanistan’s economic future looks bright too. GDP for 2010-11 is predicted to be just over 8% and inflation, just under 5% even though disinflation seems to be at a halt. As well, the boom in mining will continue and cereal production prospects look good. So this kind of news is great for the people of Afghanistan, and for activists such as Hamed Wardak.