World Bank says Nepal’s economy will grow, despite shocks
Benign inflation and loose monetary policy to aid growth, says institution
The World Bank today (April 3) projected that Nepal’s economy would display increased growth in the current financial year, despite last year’s severe floods and the resulting disruption to the country’s tourism industry.
In its latest report on Nepal, the institution estimates that damage resulting from floods and landslides between June and October of last year cost the country the equivalent of 0.8% of its GDP. Despite this, the World Bank projects that Nepal’s economy will grow by 4.5% in the
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