Nepal outlook rosy

KATHMANDU: After two consecutive years of very weak growth due to devastating earthquakes and a disruption in cross-border trade with India, growth in Nepal is expected to bounce back strongly to six per cent this year, before moderating to 5.5 per cent in 2018, according to the World Bank.

“However, slow recovery of exports, potential tightening of credit, continued decline in departures of migrant workers going abroad and a fluid political environment will continue to pose challenges,” says the World Bank’s report titled ‘South Asia Economic Focus Spring 2017’.