The World Bank has projected that Nepali economy will grow by 2.7 per cent in the current Fiscal Year 2020/21 and regain momentum in the next couple of years.
The forecast for the current fiscal year is higher than the earlier estimates, according to the South Asia Economic Focus Spring 2021, a report published by the WB on Wednesday.
In January this year, the multilateral donor had put the growth forecast for Nepal for current fiscal at 2.1 per cent. Due to the COVID-19 pandemic, the Gross Domestic Product of the country witnessed a negative growth of 1.9 per cent last year.
