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 What the RSP’s first general convention means for Nepal Nepal’s return to the FATF grey list raises fresh concerns… Nepal’s return to the FATF grey list raises fresh concerns… PM Balen asserts Nepal has evidence on Kalapani, Lipulekh border… India, China and Asian nations extend greetings to RSP on… Nepal PM Balen to become RSP senior leader without election Top Headlines Before the Ballots: How Oli Lost the Political Narrative1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns3 Jagdamba Group Chairman Shankar Agrawal Arrested4 We will return the savings of cooperative victims within 100 days : Rabi Lamichhane5 Two Offices Under Ministry of Communication to Be Abolished6 Court Orders Release of UML Rekha Sharma7 Nepali Congress provides financial assistance for Samba’s treatment8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? A phone call that paved the way for RAW Chief’s visit to Nepal What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more Impact of Social Media on Nepalese Society Nepal Army’s mission in Lebanon provides Covid support kits to local municipalities Why Are Boys Unexpressive?
