Gov't agency expects Nepal's economy to grow by 5.84 pct - South Asia Time

Gov’t agency expects Nepal’s economy to grow by 5.84 pct

 April 29, 2022  

KATHMANDU — Nepal’s economy is projected to grow 5.84 percent in the current 2021-22 fiscal year ending in mid-July, the country’s Central Bureau of Statistics (CBS) said Thursday.

Officials from the agency said that the vaccination rate against COVID-19 has motivated the general public to operate as normally as possible in the first three quarters of the fiscal 2021-22.

According to the country’s Ministry of Health and Population, 66.9 percent of the total population have been fully vaccinated by Thursday.

Amid the pandemic, Nepal’s economy contracted by 2.37 percent in 2019-20, and grew by 4.25 percent in 2020-21, according to official figures. (Xinhua)