The impact of the conflict on Yemen’s economy and private sector have been calamitous, and, as a result, the economic output has dropped precipitously since its onset. The increased costs for businesses have been spurred by a lack of security and a scarcity of business inputs, while a loss of customer base and demand as well as general purchasing power decline have driven a loss in revenue. Physical damage to public and private infrastructure has also severely affected the ability of businesses to operate. And yet many businesses continue to operate; indeed, the private sector’s resilience is a major reason that the country’s humanitarian crisis–the largest in the world–is not a lot worse than it would have been in the absence of the vital role that the private sector continues to play despite all challenges.
This video is based on RYE Policy Brief 15, RYE Policy Brief 7 and RYE White Paper 3.
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