Stories Tagged 'Economic growth rate'
An increase in agricultural production due to favourable weather, faster pace of reconstruction works and investment of remitted funds in the productive sector have resulted in the growth in the Gross Domestic Product.
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Growth rates in the last three years are above the historical average, beyond the economy’s estimated productive capacity, and are not supported by strong economic fundamentals.
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Nepal is expected to reach a growth rate of 65 percent in fiscal 2018-19, largely due to ongoing reconstruction, investment in hydropower projects, a rebound in agricultural production, and strong tourism-related activities, according to the International Monetary Fund
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Minister for Home Affairs Ram Bahadur Thapa on Friday said the country’s economic growth rate would reach eight percent next year.
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