Economic setbacks in conflict zones
The negative effects of conflict on economic growth can linger on for years, with GDP losses of up to 28% likely within a decade of such events, a new study finds
The impact of violent conflicts on human lives is typically measured in terms of death tolls and numbers of those displaced. What is documented less is the long-term impact on the economic progress of countries. As a new study published by the International Monetary Fund (IMF) shows, economic growth can be set back significantly by conflict events.