KATHMANDU, April 10: The Asian Development Bank (ADB) has projected Nepal’s economic growth at 2.7 percent for the current fiscal year.
According to the ADB, irregular rainfall, the Gen Z movement, and the impact of the Gulf conflict are expected to affect economic activity. Agricultural production is likely to decline due to weather disruptions, while the conflict could also impact the tourism and services sectors.
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Nepal recorded 4.6 percent economic growth in the previous fiscal year, while the government has set a target of 6 percent growth for the current year.
Last week, the World Bank also projected Nepal’s growth at 2.3 percent for the same period.
Meanwhile, the ADB estimates that South Asia’s economic growth will reach 6.8 percent in FY 2025/26, significantly higher than Nepal’s projected rate.
