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'summary' => 'October 25: The International Monetary Fund (IMF) has released a new projection of economic growth rate of 4.2 percent for Nepal in 2022.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 25: The International Monetary Fund (IMF) has released a new projection of economic growth rate of 4.2 percent for Nepal in 2022. IMF revised its initial estimate of economic growth rate in the report entitled 'World Economic Outlook: Countering the Cost-of-Living Crisis' which it unveiled this week. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 25: The International Monetary Fund (IMF) has released a new projection of economic growth rate of 4.2 percent for Nepal in 2022. IMF revised its initial estimate of economic growth rate in the report entitled 'World Economic Outlook: Countering the Cost-of-Living Crisis' which it unveiled this week. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 25: The International Monetary Fund (IMF) has released a new projection of economic growth rate of 4.2 percent for Nepal in 2022. IMF revised its initial estimate of economic growth rate in the report entitled 'World Economic Outlook: Countering the Cost-of-Living Crisis' which it unveiled this week. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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October 25: The International Monetary Fund (IMF) has released a new projection of economic growth rate of 4.2 percent for Nepal in 2022. IMF revised its initial estimate 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 to 5 percent. However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS
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<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 25: The International Monetary Fund (IMF) has released a new projection of economic growth rate of 4.2 percent for Nepal in 2022. IMF revised its initial estimate of economic growth rate in the report entitled 'World Economic Outlook: Countering the Cost-of-Living Crisis' which it unveiled this week. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
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'title' => 'IMF Projects 4.2 Percent Economic Growth for Nepal ',
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'summary' => 'October 25: The International Monetary Fund (IMF) has released a new projection of economic growth rate of 4.2 percent for Nepal in 2022.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 25: The International Monetary Fund (IMF) has released a new projection of economic growth rate of 4.2 percent for Nepal in 2022. IMF revised its initial estimate of economic growth rate in the report entitled 'World Economic Outlook: Countering the Cost-of-Living Crisis' which it unveiled this week. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 25: The International Monetary Fund (IMF) has released a new projection of economic growth rate of 4.2 percent for Nepal in 2022. IMF revised its initial estimate of economic growth rate in the report entitled 'World Economic Outlook: Countering the Cost-of-Living Crisis' which it unveiled this week. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">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 to 5 percent. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">However, the government has set the goal of achieving 8 percent economic growth rate for fiscal year 2022/23. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the IMF has revised the earlier estimates for inflation. It had initially estimated inflation to be at 6.3 percent in 2022 and at 7.7 percent in 2023. But it has revised it now to be at 8.1 percent in 2022 and at 7.2 percent in 2023. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The government has however projected to limit the inflation within 7 percent through the budget for the current fiscal year. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">IMF has stated in its report that the global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation. -- RSS</span></span></span></p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
