Yemen’s Economic Outlook- Fall 2016

The ongoing conflict has caused a dramatic deterioration in the country’s economic and social situation. With the disruption of oil production and other economic activities, output has contracted sharply, inflation has been on the rise since 2015, and international reserves are below two months of crisis-subdued imports. The conflict has led to a catastrophic humanitarian situation, with an increasing toll of civilian deaths and casualties, massive displacement of people, destruction of infrastructure, and acute food shortage.