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IMF slashes Nepal’s growth forecast to 3.8%

IMF slashes Nepal’s growth forecast to 3.8%

International Monetary Fund (IMF) has projected Nepal’s economic growth will drop to 3.8 percent in the current fiscal year 2012-13. The country’s Gross Domestic Product expanded at 4.6 percent rate last fiscal year. According to the IMF, the outlook for 2012-13 is challenging due to a weaker monsoon, and slower services activity as remittance…
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