World Bank projects Nepal’s economic growth for 2020-21 at 0.6 percent

If Covid-19 disruptions persist and relief spending weakness growth could be as little as 0.1 percent, but in case a vaccine becomes available, it could go up to 2 percent, the multilateral lending agency says.

Nepal’s economy came to a standstill mainly due to the lockdown in the last fiscal year that ended in mid-July, registering a negligible growth of 0.2 percent. But despite businesses being open now, the outlook is bleak for the current fiscal year too.