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Nepal’s growth faces slowdown amidst domestic and external challenges

Nepal’s growth faces slowdown amidst domestic and external challenges

Apr 05, 2023, at 03:17 pm

Kathmandu: Growth in Nepal this year will be slower than previously projected due to the impacts of import restrictions, monetary policy tightening, higher inflation, and shrinking government expenditure reflecting lower government revenue, according to the World Bank’s twice-a-year country update.

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