Yemen's economy grow by 2% in 2022
Yemeni Prime Minister Maeen Abdul Malik announced, on Wednesday, that his country's economy will grow by 2 percent during 2022.
This came in statements by Abdul-Malik during a virtual seminar in which he reviewed "the path of reforms implemented by the Yemeni government and the positive results it has achieved," according to the official Yemeni News Agency.
Abdul-Malik said that "the Yemeni economy achieved for the first time this year a positive growth rate of more than 2 percent."
He added, "We expect Yemen's economy to grow by 3 percent next year."
He stressed that "the government is keen to alleviate the difficult humanitarian and living conditions of citizens by accelerating the path of reforms."
For the first time since the outbreak of the war in early 2015, growth is announced in Yemen's economy, which has experienced a contraction during the past years.
According to a previous report by the World Bank, the war in Yemen has shrunk the gross domestic product to about 50 percent.
For more than 7 years, Yemen has been witnessing a war between the forces loyal to the legitimate government and the Houthi coup forces.
Until the end of 2021, the war had claimed 377,000 lives and cost Yemen's economy $126 billion in losses, according to the United Nations.
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