Stories Tagged 'Economic growth'
Nepal is striving to achieve an economic growth target of 7.2 percent. Central Bureau of Statistics had estimated that the economy would grow by 6.9 percent in the fiscal year (FY) 2016/17.
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The country’s economy is projected to expand at the fastest pace in over two decades in this fiscal year driven by a bumper agricultural output, sharp decline in number of protests and steady supply of electricity.
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The country is bracing for the lowest economic growth in 14 years, thanks to over a four-month border blockade, months-long Tarai unrest and delayed reconstruction which hit the economy hard.
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The Central Bureau of Statistics (CBS) has predicted that the Gross Domestic Product (GDP) will expand by 0.77 percent in the current fiscal year.
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China's economy grew by 6.9% in 2015, compared with 7.3% a year earlier, marking its slowest growth in a quarter of a century.
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Hard put by an unofficial blockade imposed by India and continued protests in the Tarai region for the last two and three months respectively, Nepal could see a negative economic growth for the first time in 33 years.
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