Real GDP growth decreased to an estimated 1.9 percent in FY23, the lowest rate since FY20 and substantially below the 10-year average growth rate. Monetary tightening and the effects of import restrictions...
The Nepal Development Update is produced annually to report on key economic developments that occurred during the year, place them in a longer-term and global perspective, and to examine (in the Special...
Nepal continues to struggle with the COVID-19 pandemic, but the ongoing COVID-19 vaccination drive has helped to reduce the fatality rate. The country experienced a first wave in March 2020, a second wave...
In FY2018, growth in Nepal remained strong at 6.3 percent despite less favorable monsoons and the easing of growth from the rebound following the 2015 earthquake. Continued strong activity in construction...
There has been a broad-based upturn in the global economy on the back of a rebound in investment, manufacturing activity, and trade. Despite a marginal slowdown, growth in South Asia remained strong at...
Global growth is picking up and the growth in the South Asia region continues to remain strong. A recovery in industrial activity has coincided with a pickup in global trade, after two years of marked...
Economic activity is rebounding strongly in Nepal following two challenging years. On the back of one of the best monsoons in recent years, rice production is estimated to have reached a record high at...
After registering the weakest growth in 14 years during FY2016, economic activity is recovering in Nepal. Agriculture and construction are expected to improve on the account of a good monsoon as well as...
Devastating earthquakes in April and May of 2015 took a huge human toll, destroyed homes, businesses, irreplaceable cultural heritage sites, and slowed economic growth. The Government of Nepal (GoN), through...
The enabling environment for the development of Nepal has improved, but opportunities need to be effectively leveraged through focused policy action. Nepal has significant resources in the form of remittances...
Nepal's political developments continue to overshadow and impede its economic development. Over the short term, whether the scheduled elections are held and, if so, whether they achieve a modicum of consensus...