Nepal economy to slow further and may grow at a meagre 1.5 percent this fiscal year: Asian Development Bank

The growth may decline further if the Covid-19 containment period prolongs with periodic lockdowns in major hotspots and consequent restrictions on economic activities through this fiscal year.

Nepal’s economy is anticipated to grow by 1.5 percent in the current fiscal year 2020-21 from the preliminary estimate of 2.3 percent in the last fiscal year, says the latest