Yemen's economic losses have been estimated at $1 billion since Arab countries launched a military operation against militants and dissident forces loyal to ex-president, a local studies center reported.
The national economy is facing a complete recession after key sectors have been affected, foreign currency disappeared and all ports have suspended their activities, the studies and economic media center said.
The estimates did not include military losses, it added.
The Arab military operation was launched on March 26th after the Houthi militants and pro-Saleh forces had carried out a coup against the legitimate president Abdu Rabbu Mansour Hadi.
Jets from the Saudi-led coalition have been targeting military bases, positions and weapons controlled by the militants.
The coalition has also imposed a blockade on all Yemeni sea and air ports to prevent Houthis from receiving support and arms.
The center expected the number of Yemenis who need urgent humanitarian aid to increase.
Meanwhile, the center revealed that prices of basic products including foodstuffs have increased by 20% to 40% in several cities and monopoly has left other cities to face shortages of products.
Moreover, it expressed its regret over the situation in Aden while appealing to relief organizations to intervene to help besieged families.
Most of Aden families are experiencing acute shortages of foodstuffs and medications after all stores shut down because of violence, it elaborated.
Houthi militants with support from dissident forces have been besieging Aden and fighting popular resistance committees for weeks.
They are shelling populated areas with mortars forcing families to stay indoors.
In the past few days, organizations have warned of fast deteriorating humanitarian situation especially in conflict areas.
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