Nepal: 2017 Article IV Consultation-Press Release; Staff Report

International Monetary Fund

No 2017/074, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights the rebound of Nepal’s economy following a slowdown caused by the 2015 earthquakes and trade disruptions at the southern border. The growth of real GDP at market prices slowed to 0.6 percent in 2015/16 (mid-July 2015 to mid-July 2016). Due to trade disruption, shortages of fuel and other essential goods drove up inflation to 12 percent (year over year) in January 2016, but it eased subsequently to 3.2 percent in January 2017, mainly because of lower food prices. Growth is projected to reach 5.5 percent in 2016/17, and inflation is expected to undershoot the central bank’s mid-2017 target of 7.5 percent.

Keywords: ISCR; CR; exchange rate; real GDP; financing; growth; GDP deflator; credit growth; growth dividend; Nepalese rupee; growth of remittance; medium-term growth; Nepali authorities; GDP ratio; Credit; Budget planning and preparation; South Asia; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 73
Date: 2017-03-27
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Citations: View citations in EconPapers (5)

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