It looks like Nepal is firmly on the road to recovery as the country came third in the World’s Fastest Growing Economies list of 2017. According to a report by World Bank’s Global Economic Prospects, Nepal comes after Ethiopia and Uzbekistan with its forecast growth at 7.5%. The World Bank states “Nepal’s growth has rebounded strongly following a good monsoon, reconstruction efforts after the 2015 earthquake and normalization of trade with India”. This is indeed a much needed good news after the earthquake and blockades impact on the economy of Nepal in 2015-2016. What would be even better is if Nepal keeps this progress up and it’s economy grows at this pace next year! Now that would be an important indicator to the future growth and would further instil more confidence in people.
