Nepal economy to slow further and may grow at a meagre 1.5 percent this fiscal year: Asian Development Bank

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The growth may decline further if the Covid-19 containment period prolongs with periodic lockdowns in major hotspots and consequent restrictions on economic activities through this fiscal year. Post File Photo Published at : September 15, 2020 Updated at : September 15, 2020 18:40 Kathmandu Nepal’s economy is anticipated to grow by 1.5 percent in the current fiscal year 2020-21 from the preliminary estimate of 2.3 percent in the last fiscal year, says the latest Asian Development Outlook 2020 Update . The growth estimate of the Asian Development Bank is way below the government’s estimate of 7 percent. Nepal saw a...