Bright Economic Outlook

Despite challenges, Nepal's economy has continued its relentless march towards recovery and growth, as suggested by Nepal Rastra Bank's report titled 'Current Macroeconomic and Financial Situation', published on Tuesday. Almost all major economic indicators have turned sanguine. Perhaps the most notable of all is cooling of inflation to 4.82 per cent in mid-October this year from the averaged high of around 8 per cent in 2022. This is significant because inflationary pressure, unlike most others, has a direct bearing on every individual's life – and every day.