Nepal's economic growth will be limited to 0.8% - IMF

Oct Fri 2023 05:05:56

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Nepal's economic growth will be limited to 0.8% - IMF

Kathmandu. The International Monetary Fund (IMF) has predicted that Nepal's economic growth will be limited to 0.8 percent in 2023. Last April, the IMF predicted that Nepal's economic growth would be 4.4 percent in 2023. The IMF has projected that it will be reduced to 0.8 percent now.

The IMF has predicted that Nepal's economic growth will be 5 percent in 2024. Last April, the IMF projected economic growth of 5.1 percent in 2024. According to the new forecast of the IMF, the economic growth of Asia will be 4 percent in 2023. According to the IMF, Asia's growth rate will be 4.2 percent in 2024.

The IMF expects the economy of Asia as a whole to grow as China, Japan and India show economic improvement. In 2023, the price increase in Nepal is expected to be 7.8 percent by IMF. The IMF estimates that this will decrease to 6.7 percent in 2024.