In a progressive update for Nepal, the World Bank (WB) recorded Nepal’s economic growth at 5.9 percent in the current fiscal year 2018-19 from a June 2018-forecast of 4.5 percent.
However, WB’s growth projection is lower than Nepal’s economic growth rate in FY 2017-18.
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In its flagship report ‘Global Economic Prospects’ released on January 08, 2019, the global authority observed that the country’s economic growth will slow down to 5.9 percent in the current fiscal as Nepal’s strong post-earthquake momentum is expected to be moderate.
According to the report, the reconstruction activity will be backed by infrastructure investment and consumption.
The report also projects a consistent 6 percent for the next three fiscal years.
Comparatively, WB said that Nepal achieved an estimated economic growth rate of 6.3 percent.
