Afghanistan's economy, which has long struggled, is on the verge of collapse under the Taliban now that an infusion of cash from the United States is gone, NBC News reports.
In the past, foreign aid artificially bolstered domestic spending power in Afghanistan, Atif Mian, a professor at Princeton University wrote recently, per NBC News. But with the U.S. out of the picture, there's not much production within Afghanistan to prop up the economy, and there's a lot of doubt the Taliban will do anything to turn it around.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Shompole Wilderness Camp: reconnect with nature at this secluded retreatThe Week Recommends This luxurious family-run camp in southern Kenya has access to more than 350,000 acres of pristine savannah
-
Liberation Day: will Keir Starmer surrender to Donald Trump's tariffs?Today's Big Question After failing to secure exemptions for the UK, PM must decide whether to retaliate or not
-
Cosy cabins for a country escapeThe Week Recommends Slow down and take in the nature at these secluded retreats
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
