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KATHMANDU, Oct 3: The World Bank has projected Nepal's economic growth rate at 3.9 percent in 2024. In its latest semi-annual report titled 'Nepal Development Update: Restoring Export Competitiveness,' the World Bank predicts that Nepal's economy will experience a growth rate of 3.9 percent in the year 2024.
Due to the delayed effects of lifted import restrictions, a robust recovery in tourism, and the gradual easing of monetary policies, the World Bank projects Nepal's economy to rebound, reaching 3.9 percent growth in fiscal year 2024.
KATHMANDU — Nepal’s economy is expected to rebound to 3.9% in FY24 owing to a lagged impact of the lifting of import restrictions, strong rebound in tourism, and the gradual loosening of monetary policy, according to the World Bank’s twice-a-year cou