Nepal's Growth Bounces Back Despite Weak Private Investment.

The World Bank predicts Nepal's economy will grow by 3.3% in 2024, mainly driven by tourism and hydropower exports. Private consumption will drive growth, supported by a significant increase in remittance inflows. However, the forecast is subject to risks, including a growth slowdown in partner countries, such as India, Gulf countries, and Malaysia, which could lead to a decrease in remittances and tourism. To support medium-term growth, business environment reforms aimed at attracting more private investment are needed.

April 02, 2024
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