On Recovery Path

Overcoming internal and external challenges, Nepal’s economy is bouncing back due to surge in agricultural products, tourism, inflow of remittance and hydropower exports. Reports of the National Statistics Office (NSO) and the World Bank (WB), released Tuesday, offer satisfying scenario of the country’s economy at a time when the business sector is still struggling to come out of lingering recession. It is true that post-pandemic recovery has been slow as there was no adequate investment in productive areas. The NSO has estimated a 4 per cent growth in the gross domestic product (GDP) at a constant price in the second quarter of the current fiscal year 2023/24 as compared to the corresponding quarter of the previous fiscal year.