Sudan's economy on the brink
Sudan's economy is facing an unprecedented collapse since the start of the war in April 2023, with the currency's value declining and the main economic sectors such as agriculture and industry suffering greatly, as production deteriorates and the prices of basic goods rise. Although the inflation rate has decreased to 41.61% in July 2023 from 51.28% in June, prices remain high and continue to strain citizens' purchasing power, especially since more than half of household spending goes toward food and beverages. The conflict has also led to increased poverty and displacement, with significant destruction of infrastructure and foreign currency reserves. Estimated losses to the gross domestic product amount to around $6.5 billion in 2023, and Sudan's overall output shrank by 30% in the same year, with living conditions deteriorating dramatically and threatening the country's economic and human future.
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