The International Monetary Fund (IMF) has predicted that Nepal’s economic growth rate will be five percent in 2024. The IMF released its World Economic Outlook on Tuesday. Consumer price inflation in Nepal has been projected to increase by 6.7 percent in 2024.
The Government of Nepal has projected an economic growth of 5 to 6 percent. The IMF has predicted that the global economic growth rate will be 3.1 percent in 2024. At the same time, the US economic growth rate is projected to be 2.1 percent and in 2025, it will be 1.7 percent.
The economic growth rate of the neighboring country India is projected to be 6.5 percent in 2024 as well as in 2025. Another neighboring country, China, is also projected to have an economic growth rate of 4.6 percent in 2024. In 2025, China’s economic growth is projected to be 4.1 percent.
