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Export competitiveness key to Nepal’s green, resilient, and inclusive recovery, states new World Bank report
Economy projected to grow by 2.7 percent in FY2021 due to easing of social distancing and good monsoons
KATHMANDU, April 12, 2021 – After contracting for the first time in 40 years in FY2020, Nepal’s economy is projected to grow by 2.7 percent in FY2021, driven primarily by services as social distancing measures continue to be relaxed and vaccines rolled out for priority populations. Agriculture is also expected to perform well, on the back of recent favorable monsoons. Exports could be a powerful platform to boost post-pandemic recovery and enable Nepal to transition towards green, resilient, and inclusive development, states the World Bank’s latest Nepal Development Update.
B’desh economy shows early signs of recovery amid uncertainties: WB
Bangladesh’s economy is showing nascent signs of recovery backed by a rebound in exports, strong remittance inflows, and the ongoing vaccination program.
The World Bank said it in its new report titled “Bangladesh Development Update- Moving Forward: Connectivity and Logistics to strengthen Competitiveness,” that was launched on Monday, reports UNB.
It said that after being severely affected by the COVID 19 pandemic-which slowed growth and for the first time in two decades reversed the poverty reduction trend-the economy is recovering gradually.
Over the first half of FY21, factories reopened and exports rebounded. However, the economy faces elevated risks in the context of the ongoing COVID-19 pandemic.
Bangladesh economy shows early signs of recovery amid uncertainties: WB
UNB
12th April, 2021 01:07:42
Bangladesh’s economy is showing nascent signs of recovery backed by a rebound in exports, strong remittance inflows, and the ongoing vaccination program.
The World Bank said it in its new report titled “Bangladesh Development Update- Moving Forward: Connectivity and Logistics to strengthen Competitiveness,” that was launched on Monday.
It said that after being severely affected by the COVID 19 pandemic which slowed growth and for the first time in two decades reversed the poverty reduction trend the economy is recovering gradually.
Over the first half of FY21, factories reopened and exports rebounded. However, the economy faces elevated risks in the context of the ongoing COVID-19 pandemic.
Bangladesh Economy Shows Early Signs of Recovery Amid Uncertainties miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
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April 7, 2021
ISLAMABAD: While presenting a dismal picture about Pakistan’s economy, the World Bank has projected rising public debt, increasing poverty, and low GDP growth in the range of 1.3 percent for the current fiscal year.
The WB released Pakistan Development Update on Tuesday and said that the country s Public and Publicly Guaranteed Debt (PPGD) to-GDP ratio is projected to peak at 94.4 percent of GDP by end-FY22 on account of elevated fiscal deficits, before easing to 94.1 percent of GDP by FY23. “The decline in the PPGD-to-GDP ratio will be mainly due to moderately higher economic growth and declining primary deficits” the WB made it clear.