Novermber 1: The World Bank has projected Nepal's economic growth rate to reach 5.8 per cent in 2022.    
Releasing the October 2022 edition of the Nepal's Development Update on Monday, the World Bank estimated that Nepal's Gross Domestic Product (GDP) would increase by 5.8 per cent in 2022. Meanwhile, the report has projected Nepal's GDP to increase by 5.1 per cent in 2023 and by 4.1 per cent in 2024.    
Earlier, unveiling the report 'Countering the Cast of Living Crisis', the International Monetary Fund had estimated that Nepal's economic growth rate would increase by 4.1 per cent in 2022. The World Bank projection is in stark contract with the government’s target of achieving 8 per cent economic growth in the current fiscal year (FY 2022/23).    
Similarly, the World Bank has estimated the inflation rate of 6.3 per cent in 2022 as well as 5.5 per cent price hike in 2023 and 5.3 per cent in 2024. The government, in the budget for the current fiscal year has set a target to limit price hike within seven percent. 

In 2022, the World Bank has projected export of goods and services to increase by 35 per cent and import by 15 per cent.        
According to the World Bank, growth rate of industrial sector will increase by 10.2 percentage points while the growth of service sector will rise by 5.9 percentage points and that of agricultural sector by 2.3 percentage points in the year 2022.