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Afghanistan's new president faces a campaign-scarred economy
Afghanistan's new president faces a campaign-scarred economy

As a former World Bank official, Afghanistan's new president has helped develop economic programs for Russia, India and China. But it is in his homeland that Ashraf Ghani Ahmadzai faces the greatest fiscal challenge of his career. As coalition troops depart and with future foreign aid levels uncertain, Afghanistan is racked by an estimated 35% unemployment rate and a notable dip in small-business activity since the spring. Ghani, a former Afghan finance minister, acknowledges that the road forward will be difficult. "We are no longer in a light recession; it's either a very deep, biting recession or the beginning of a depression," he told reporters recently. In 2012...

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