Nepal’s economic growth rate to slump to 1.5-2.8 percent: World Bank

KATHMANDU: The World Bank has estimated that Nepal’s economic growth rate will shrink to 1.5 to 2.8 percent this year due to the coronavirus pandemic.

Some six months ago, the World Bank has estimated Nepal’s economy to grow by 6.5 percent. The new forecast comes in the wake of the impact created by the outbreak of a pandemic.