गृहपृष्ठ ∕ Business ∕ Country’s GDP projected to limit at 3.9 percent Business Country’s GDP projected to limit at 3.9 percent KathmanduPati January 12, 2022 KATHMANDU – Country’s gross domestic product (GDP) in the current fiscal ( 2021-22) is projected to limit at 3.9 percent, according to the World Bank’s Global Economic Prospects report launched on Wednesday. The projection is based on the COVID-19 vaccine coverage, growth in agricultural productivity and improvements in the service sector.The report points out the possibility that fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality could endanger the recovery in emerging and developing economies. Likewise, some South Asian nations in course of an economic rebound face the risk of another wave of COVID-19. The report projects that \global growth is expected to decelerate markedly from 5.5 percent in 2021 to 4.1 percent in 2022 and 3.2 percent in 2023 as pent-up demand dissipates and as fiscal and monetary support is unwound across the world. Write your comments RELATED NEWS BJP claims Rahul Gandhi visited Vietnam amid voter roll row Iran says US must end pressure before talks resume Rubio says US must maintain strategic ties with Pakistan Iran rejects Uranium transfer until US meets demands Nepal beat Oman by 10 runs in League-2 clash China targets 10% annual growth in Advertising industry Top Headlines Nepal “a Buffer State”: Rethinking foreign policy in relative terms1 Monsoon is predictable and Nepal’s disaster response should be too2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 When the State Pulls the Trigger, Who Answers ?4 PM Shah pledges Krishnabhir highway reopening within month5 Before the Ballots: How Oli Lost the Political Narrative6 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward7 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns8 TRENDING What role has the Nepal Army been playing in controlling the coronavirus? Impact of Social Media on Nepalese Society Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki Army Day : Five facts about Nepal’s ‘blue helmets’ in UN-peacekeeping missions We need to be serious about the international scenario post-Covid: Dr. Nischal N. Pandey Why Are Boys Unexpressive? Forbes-listed billionaire Binod Chaudhary tests positive for coronavirus Lockdown 2.0: What the Government should do this time around
