Govt revises economic growth forecast to 3.5 percent
Summary
The government has revised Nepal's economic growth forecast for FY 2025/26 from six percent to 3.5 percent due to lower rice production, slowed construction, and fewer real estate transactions.
Key Points
- The government revised Nepal's economic growth forecast for FY 2025/26 to 3.5 percent from six percent.
- The revision is based on decreased rice production, a slowdown in construction, and reduced real estate transactions.
- Nepal's GDP growth rate was 4.6 percent in FY 2024/25.
- The World Bank projects a growth of 2.1 percent for the current fiscal year.
