Kathmandu, 25 October: The International Monetary Fund (IMF) has issued a new projection of economic growth rate of 4.2 percent for Nepal in 2022. IMF revised its initial estimation of economic growth rate in the report entitled ‘World Economic Outlook: Countering the Cost-of-Living Crisis’ which it unveiled this week. In January, IMF had projected Nepal’s economic growth rate to be 4.1 percent.
However, it has anticipated Nepal’s economic growth rate to decline in 2023. As per the IMF’s projection last January, Nepal’s economic growth rate next year was estimated at 6.1 percent. But this projection has been dropped and confined at 5 percent. However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23.
People’s News Monitoring Service
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