ADB forecasts that economic growth will be limited to 2.7 percent

Kathmandu. The Asian Development Bank ADB has released a forecast that Nepal's economic growth rate will be limited to 2.7 percent in 2026. According to the 'Asian Development Outlook April 2026' published by ADB, this rate was 4.6 percent in the previous financial year, but this year it was low.

According to ADB's country director for Nepal, Arno Koswa, economic growth is expected to slow down due to political uncertainty, the Genji movement of last August and the ongoing conflict in the Middle East region. Mentioning that if political stability is maintained, it will help the reform program to move forward and increase economic confidence, Koswa said that due to the Middle East conflict, there are risks due to the impact on oil prices, tourism and remittances.

In the report, it is estimated that the economic growth rate will reach five percent in the next financial year. It is expected that the economy will be supported by the improvement in domestic demand, increase in hydropower exports and the revival of the tourism sector as the obstacles seen at present gradually decrease.

Express

Related News

The price of the US dollar has crossed Rs. 152, and the euro and pound have also become more expensive

Kathmandu. Nepal Rastra Bank has determined the official foreign exchange rates for Wednesday. According to the new rates set by the central bank, the buying rate for one US dollar today has been fixed at Rs. 152.16 and the selling rate at Rs. 152...

Most of the commercial banks have reduced the interest rate for the month of February, how much?

Kathmandu. Commercial banks have announced the new interest rates applicable for the month of February. According to the information published by the banks, most of them have reduced the interest rates. It seems that the maximum average interest r...

NAIMA's demand to make the rules of agency registration business-friendly, request to remove the provision of taking bond according to the model

Kathmandu. Nepal Automobile Importers and Manufacturers Association (NAIMA) has requested the government to make the existing rules regarding agency registration businessmen and entrepreneurs friendly.

A NAIMA delegation met Industry, Commer...