Nepal Is Likely to Achieve 5 Percent Growth: IMF

Nepal Is Likely to Achieve 5 Percent Growth: IMF

Oct. 20, 2017, 3:06 p.m.

International Monetary Fund (IMF) has projected Nepal’s economic growth forecast at 5% for the current Fiscal Year 2017/18. The forecast was made during the release of World Economic Outlook (WEO) amid the 2017 Annual Meetings of the IMF.

The IMF has lowered its growth projection for Nepal by 0.5 percent this year. In its earlier WEO released in April this year, the IMF had projected the economy to grow by 5.5%. Earlier this year, the World Bank had forecasted Nepal’s growth rate at 4.6% while the Asian Development Bank (ADB) forecasted a 4.7% growth.

More on Economy

The Latest

Latest Magazine

VOL 12 No.01, July 20, 2018 (Shrawan 04, 2075) Online Register Number: DOI 584/074-75

VOL 11 No.23, June 29-July 19,2018 (Ashad 15, 2075) Online Register Number: DOI 584/074-75

VOL.11, No.-22, June 15, 2018 (Ashad 01, 2075) Online Register Number: DOI 584/074-75

VOL.11, No.-21, May 25, 2018 (Jestha 11, 2075) Online Register Number: DOI 584/074-75