World Bank predicts modest growth for Nepal's economy
The global lender says the country will grow by 3.3 percent this fiscal year, nearly half the government’s projection.
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The global lender says the country will grow by 3.3 percent this fiscal year, nearly half the government’s projection.
The consumer price inflation in Nepal is expected to remain high at 6.7 percent in Fiscal Year 2024, close to the central bank's 6.5 percent ceiling, due to VAT exemptions removal, India's food export restrictions, and increased paddy minimum support prices.
KATHMANDU, April 3: The consumer price inflation in Nepal is expected to remain high at 6.7 percent in 2024, close to the central bank's 6.5 percent ceiling, due to VAT exemptions removal, India's food export restrictions, and increased paddy minimum support prices.
The World Bank (WB) has said that Nepal’s economy is expected to grow by 3.3% in FY24, driven by revived tourism and a pickup in hydropower exports.
KATHMANDU, April 2: The World Bank (WB) has said that Nepal’s economy is expected to grow by 3.3% in 2024, driven by revived tourism and a pickup in hydropower exports.