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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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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
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
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April 18: The World Bank has warned that Nepal will see a decline in its economic growth for the next three years. In its bi-annual South Asia Economic Focus (SAEF), the Washington DC-based global lender forecasted Nepal's economic growth rate at 4.6 percent, which is 2.9 percent less compared to the record of last year.
The World Bank report unveiled such a grim scenario for Nepal at a time when the new government has set its target of achieving double digit economic growth following the decentralization of power.
Earlier, the government had predicted a growth rate of 6.5 percent this year but has revised the data to 6 percent after the mid-term financial review.
The government after analyzing the ongoing development works, pace of earthquake reconstruction activities, extension of service sector and industries and increasing uses of industrial areas has predicted 6 percent economic growth.
But the World Bank report states that the negative impact created by the massive floods of August 2017 has been the cause of declining economic growth of the country.
The report further states that the flood has resulted in poor export, decreasing remittance inflow, lack of investible capital and increasing bank interest rate which have affected the economy adversely.
The World Bank also claims that the economic growth rate of Nepal will be limited to 4.5 and 4.3 percent respectively in FY 2019 and 2020.
Asian Development Bank in its recent financial outlook for Nepal also had predicted an overall economic growth of just 4.6 percent for this year.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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'title' => 'Nepal's Economic Growth Engine Losing Steam: WB',
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'summary' => 'April 18: The World Bank has warned that Nepal will see a decline in its economic growth for the next three years. I',
'content' => '<p>April 18: The World Bank has warned that Nepal will see a decline in its economic growth for the next three years. In its bi-annual South Asia Economic Focus (SAEF), the Washington DC-based global lender forecasted Nepal's economic growth rate at 4.6 percent, which is 2.9 percent less compared to the record of last year.</p>
<p>The World Bank report unveiled such a grim scenario for Nepal at a time when the new government has set its target of achieving double digit economic growth following the decentralization of power.</p>
<p>Earlier, the government had predicted a growth rate of 6.5 percent this year but has revised the data to 6 percent after the mid-term financial review.</p>
<p>The government after analyzing the ongoing development works, pace of earthquake reconstruction activities, extension of service sector and industries and increasing uses of industrial areas has predicted 6 percent economic growth.</p>
<p>But the World Bank report states that the negative impact created by the massive floods of August 2017 has been the cause of declining economic growth of the country.</p>
<p>The report further states that the flood has resulted in poor export, decreasing remittance inflow, lack of investible capital and increasing bank interest rate which have affected the economy adversely. </p>
<p>The World Bank also claims that the economic growth rate of Nepal will be limited to 4.5 and 4.3 percent respectively in FY 2019 and 2020.</p>
<p>Asian Development Bank in its recent financial outlook for Nepal also had predicted an overall economic growth of just 4.6 percent for this year.</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
