The International Monetary Fund has projected Nepal’s growth rate to pick up from 3.5 per cent in 2012-2013 to 4.5 per cent in 2013-14, attributing it to the recovery in agriculture, strong services, and rising public spending underpinned by timely budget approval.
“Growth is recovering, and inflation is moderating.
Output growth is expected to pick up to around 4½ per cent in 2013-14, driven by recovery in agriculture, strong services, and rising public spending underpinned by timely budget approval,” IMF representative Alexander Pitt had said yesterday.
Inflation is projected to moderate further from recent levels but remain high, at eight per cent year-on-year.
“Growth of remittances is expected to moderate, but international reserves should continue to rise,” he said.
Key external risks to the outlook stem from a possible slower-than-projected recovery in India or a slowdown in countries that host Nepali workers, he said, adding that domestic risks arise from the financial sector, especially cooperatives.
Source
“Growth is recovering, and inflation is moderating.
Output growth is expected to pick up to around 4½ per cent in 2013-14, driven by recovery in agriculture, strong services, and rising public spending underpinned by timely budget approval,” IMF representative Alexander Pitt had said yesterday.
Inflation is projected to moderate further from recent levels but remain high, at eight per cent year-on-year.
“Growth of remittances is expected to moderate, but international reserves should continue to rise,” he said.
Key external risks to the outlook stem from a possible slower-than-projected recovery in India or a slowdown in countries that host Nepali workers, he said, adding that domestic risks arise from the financial sector, especially cooperatives.
Source
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