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 PM Oli extends Sonam Lhosar greetings Trade and investment linkages between Nepal and Bangladesh discussed Festivals like Sonam Lhosar help further strengthen broader national unity:… Deuba insists on job creation through promotion of entrepreneurship Country cannot run on stunts, everyone’s honest efforts are needed… Fulfilling aspirations for development, prosperity is true tribute to martyrs:… Top Headlines Scrutinizing Relevance of Prithivi Narayan Shah´s Thoughts and Strategy1 Relevance of Prithivi Narayan Shah in Contemporary Nepal2 Ncell is the FIRST Nepali Telecom Company to receive ISO 27001 and ISO 27701 certifications for information security and data privacy3 PM Oli, Sri Lankan’s former President meet4 PM Oli extends New Year greetings5 NA team sets out on Gorakha-Kathmandu march to promote ‘unification route’6 Gold price ups Rs 2,000 per tola7 HoR Secretary Rai sworn in8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector The Role of the Nepalese Army in Strategic Road Projects A phone call that paved the way for RAW Chief’s visit to Nepal National Poet Madhav Prasad Ghimire no more UPAYA CITY CARGO LAUNCHES Version 3.0 Public Relations for a Soldier Impact of Social Media on Nepalese Society Nepal Army’s mission in Lebanon provides Covid support kits to local municipalities
